Mortgage demand drops 19% as rates hit highest level since early 2025
Homebuyer mortgage applications have fallen sharply amid a surge in interest rates, according to market data.
Mortgage rates have climbed to their highest level since the beginning of 2025, triggering a significant decline in mortgage demand from homebuyers, according to CNBC reporting.
The 19% year-over-year drop in mortgage demand reflects the impact of elevated interest rates on housing affordability and buyer activity in the residential mortgage market.
Sources
- Mortgage demand from homebuyers drops 19% from a year ago, as interest rates surge abruptly higher — CNBC — Top News
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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