Mortgage rates drop to lowest since mid-December, but demand still falls short

Published Wed, Feb 26 20257:00 AM ESTUpdated Thu, Feb 27 20253:09 PM EST

By: Diana Olick

A home for sale in Casselberry, Florida, Aug. 14, 2024.Stephen M. Dowell | Orlando Sentinel | Tribune News Service | Getty Images

Mortgage interest rates dropped again last week, hitting the lowest level in two months, but demand for mortgages didn’t respond. Total mortgage application volume fell 1.2% from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.

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