International Economic

US mortgage applications drop 2.9pc as mortgage rates hit one-year high

By Iain Gilbert

Date: Wednesday 05 Aug 2026

(Sharecast News) - US mortgage applications decreased by 2.9% in the week ended 31 July, according to the Mortgage Bankers Associaiton, building on the prior week's 6.4% increase and marking the sharpest back-to-back decline in two months.
Last week's drop came as benchmark mortgage rates increased, with the 30-year fixed contract...

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