US Mortgage Applications Fall to 21-Month Low
Applications fell for a sixth consecutive week. The 30-year fixed mortgage rate reached 7.5%, an almost three-year high.
Last week's drop marked the sixth consecutive decline to the lowest level since January 2025 and comes alongside a sharp increase in mortgage rates, with the benchmark 30-year fixed rate hitting an almost three-year high of 7.5%.Applications to refinance a mortgage, which are more sensitive to shor…