International Economic

US mortgage applications slump as interest rates climb

By Iain Gilbert

Date: Wednesday 30 Sep 2026

(Sharecast News) - US mortgage applications fell sharply in the week ended 25 September as rising borrowing costs continued to weigh on demand, according to the Mortgage Bankers Association.
Applications declined 6%, marking a fourth straight weekly drop, as the average rate on 30‑year fixed conforming mortgages climbed to 7.30% from...

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