Here's what you need to know.
Mortgage applications have risen unexpectedly which is causing confusion among many Americans. The house market seems to be getting even worse with the government adding higher interest rates to combat the inflation. Despite this, mortgage applications have spiked.
Mortgage applications are rising even though the government has added higher interest rates on these applications. Experts suggest that these applications are rising in fear of the government adding more interest in the future. Many individuals are beginning to panic buy homes in case of the house market getting worse.
Experts suggest that the government will raise interest rates on all mortgage.