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 Recession
In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending.