Mortgage demand drops after interest rates jump to the highest level since February

cnbc.com/2025/05/21/mortgage-demand-drops-after-interest-rates-jump-to-the-highest-level-since-february.html

After shifting in a narrow range for several weeks, mortgage rates moved decidedly higher last week. That caused a 5.1% drop in mortgage applications compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.
The average contract interest…

This story appeared on cnbc.com, 2025-05-21 11:00:01.
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