Wednesday, July 7, 2021 Economy Scarcity, high prices cause US mortgage applications to sink By Daily Report Staff - July 7, 2021 FacebookTwitterLinkedinEmailPrint Mortgage demand fell for the second week in a row, sinking to the lowest level since early 2020 as low inventory and high home prices continue to weigh on the housing market, CNBC reports. Accord… Already an INSIDER? Sign in.