US Mortgage demand drops more than 10% as rates hit the highest level since October
- The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances increased last week to 6.43% from 6.30%
- Refinance demand dropped 15% week to week.
- Mortgage demand from homebuyers fell 5%
https://www.cnbc.com/2026/03/25/mortgage-demand-drops-highest-level-since-october.html