Homebuyer Mortgage Demand Drops Further, a Troubling Sign for the Spring Market

February 5, 2025

CNBC, Feb. 5 2025-Diana Olick

Mortgage applications to purchase a home last week fell 4%, compared with the previous week, the mortgage Bankers Association reported. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.97% from 7.02%