Rising mortgage rates take wind out of spring homebuying sails

Applications for purchase loans fell 5 percent last week as rates climbed to highest level since February over concerns about inflation and growing government debt.

May 22, 2025 - 11:35
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Rising mortgage rates take wind out of spring homebuying sails
Applications for purchase loans fell 5 percent last week as rates climbed to highest level since February over concerns about inflation and growing government debt.