By Naveen Athrappully Weekly mortgage demand dropped to the lowest in three months as interest rates moved up following a period of decline, signaling a declining home buyer enthusiasm in the country. The Market Composite Index, a measure of mortgage loan application volume, fell by 5.7 percent for the week ending May 24 from the […]
Tag: Economic Depression
An economic depression is a period of sustained, long-term downturn in economic activity in one or more economies. It is a more severe economic downturn than a recession, which is a slowdown in economic activity over the course of a normal business cycle.