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Mortgage Demand Plunges 10% Amid Rate Uncertainty

Wednesday, Jul 16, 2025 7:19 am ETmin read

Aime Summary

- Mortgage demand fell 10% due to uncertainty over future interest rate hikes, recent data shows.

- Rising borrowing costs and unclear central bank policies have deterred homebuyers and refinancers.

- The decline reflects growing caution in housing markets as lenders tighten credit amid economic uncertainties.

- Analysts warn prolonged rate instability could further suppress housing activity and consumer spending.

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