Mortgage Rates Drop to Lowest Since Mid-December, but Demand Still Falls Short

February 26, 2025

CNBC, Feb. 26, 2025-Diana Olick
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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