Mortgage demand from homebuyers drops 19% from a year ago, as interest rates surge abruptly higher

September 16, 2026

Mortgage rates have surged to the highest level since the start of 2025, causing a major pullback in mortgage demand.Mortgage rates have surged to the highest level since the start of 2025, causing a major pullback in mortgage demand.

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Mortgage demand from homebuyers drops 19% from a year ago, as interest rates surge abruptly higher

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