Applications for home loans have plunged to the lowest level since 1996 as mortgage rates notch 23-year highs

Applications for home loans have plunged to the lowest level since 1996 as mortgage rates notch 23-year highs

The 30-year fixed mortgage rate notched 7.53% over the last week, per the latest MBA data.Scott Olson/Getty Images <ul> <li>Mortgage applications just plunged to their lowest level since 1996 last w… [+2130 chars]

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