SUMMARY: Mortgage demand fell for the first time in four weeks despite rates dropping for the second week in a row according to the Mortgage Bankers Association, home affordability hits a 40-year low despite inventory levels increasing and year-over-year home price growth falling, and job openings fall but less than expected in May...

Sources:

• Mortgage Demand Falls for the Fourth Time in Four Weeks
• Home Affordability Hits a 40-Year Low
• Job Openings Fell Less Than Expected To End May

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