WS #16268
Holding: newest synthesis is 23d 11h old
US mortgage applications fell by 5.3% in the week ending October 16, marking a sharper decline than the previous week's 2.7% drop. The 30-year mortgage rate held at 7.41%, slightly below the prior week's 7.50%, but the sustained high rates continue to cool housing demand, impacting real estate and homebuilder stocks.
US Housing Cooling
US mortgage applications fell by 5.3% in the week ending October 16, marking a sharper decline than the previous week's 2.7% drop. The 30-year mortgage rate held at 7.41%, slightly below the prior week's 7.50%, but the sustained high rates continue to cool housing demand, impacting real estate and homebuilder stocks.