Mortgage Applications Sink to 1995 Lows as Rates Keep Climbing
- Mortgage applications index fell to lowest level since 1995 as rates rose for 6th week in a row
- Home purchase applications dropped over 5% to 1995 lows
- Refinancing gauge fell the most since February
- Mortgage rates move with Treasury yields, which rebounded as economic data signals more Fed hikes
- Separate data showed a rebound in new home construction in September after August slump
