BUSINESSQUARTZ
Mortgage demand is slipping as rates hover stubbornly above 6.5%
Mortgage demand is declining as the 30-year fixed rate rose to 6.58% for the week ending July 3, leading to subdued refinance and purchase activity.
Related Signal
Adjacent reporting
- Mortgage demand surged nearly 11% last week — even as interest rates stayed volatile
- Mortgage refinance demand drops 18% as rates hit highest level since August
- Mortgage rates are now falling but demand is still weaker
- Weekly mortgage demand drops as rates remain stuck in a narrow range
- Average US long-term mortgage rate falls to 6.48%, retreating from its highest level in 9 months
- Mortgage rates drop to lowest level in more than a month as Iran deal progresses