Mortgage demand drops further, even as interest rates settle

Published Wed, Jan 29 20257:00 AM ESTUpdated Wed, Jan 29 20259:26 AM EST

By: Diana Olick

A for sale sign is displayed outside of a home for sale on August 16, 2024 in Los Angeles, California.Patrick T. Fallon | AFP | Getty Images

Mortgage rates didn’t move last week, but demand for new home loans continued to weaken. Both homebuyers and current homeowners are hampered by today’s higher interest rates.

Total mortgage application volume decreased 2% from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.   LEARN MORE…

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