Mortgage demand drops, even as rates fall to the lowest since April

Published Wed, Jun 18 20257:00 AM EDTUpdated Wed, Jun 18 20257:36 AM EDT

By: Diana Olick

A “For Sale” sign stands at a house in Miami, Florida, U.S. April 16, 2025.Marco Bello | Reuters

Weak consumer sentiment is weighing hard on the housing market, as potential homebuyers pull back.

Applications for a mortgage to purchase a home fell 3% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was still 14% higher than the same week one year ago. LEARN MORE…

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