Real Estate Mortgage demand drops to the lowest since April
Despite a drop in mortgage rates to their lowest level since April, mortgage applications for home purchases fell 3% last week as weak consumer sentiment and economic uncertainty kept buyers on the sidelines. Refinance applications also dipped 2% for the week but remain 25% higher than a year ago, reflecting some responsiveness to rate changes. Ongoing volatility from geopolitical tensions and tariff policy continues to weigh heavily on housing market activity.
