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Mortgage Applications (Jun.)

Mortgage applications for home purchase saw a slight recovery over the course of June as mortgage interest rates eased back. But demand remains depressed compared to its pre-COVID-19 level and a further decline in mortgage rates over the next couple of weeks will still leave affordability stretched. That will keep mortgage demand in the doldrums for the remainder of the year. Payrolls Drop-In (8th July, 10:00 ET/15:00 BST): Our US team will be briefing on the latest employment report, answering your questions as they address key issues including the inflation outlook, the Fed’s plans and the recession question. Register now.

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