BusinessPhoto: HT WorldUS Mortgage Rates Fall After 2 Months, Homebuyer Demand Drops 7%
US mortgage rates fell for the first time in over two months, with the average 30-year fixed rate dropping to 7.32% from 7.40%. Despite this, homebuyer demand declined by 7% due to persistently high borrowing costs. Mortgage applications for home purchases fell, and total mortgage application volume dropped 5.3%, reflecting ongoing affordability concerns.
HT World·


