Weekly mortgage applications tank

Weekly mortgage applications tank even more, as rising rates make homes less affordable

• The numbers are getting uglier for potential homebuyers and homeowners looking to save some money.
• Mortgage interest rates jumped again last week, causing mortgage application volume to fall 6.6 percent from the previous week.
• Volume was just 3.5 percent higher than the same week one year ago, according to the Mortgage Bankers Association.

See the full report at CNBC

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