Mortgage Demand Falls to Lowest in Two Months as Rates Stagnate

CNBC, Sept. 8, 2021–Diana Olick
Mortgage rates appear to be stuck in a holding pattern, giving borrowers no particular incentive to act, especially on refinances. Total mortgage application volume fell 1.9% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. It was at the lowest level since last July.