Mortgage demand drops to its lowest level since July, as interest rates return to summer highs
Published Wed, Oct 23 20247:00 AM EDTUpdated Wed, Oct 23 20249:36 AM EDT
By: Diana Olick
Mortgage demand went lower again last week, even though mortgage interest rates didn’t move.
Total mortgage application volume dropped 6.7% from the previous week, hitting its lowest level since July, according to the Mortgage Bankers Association’s seasonally adjusted index.
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