Mortgage Demand Just PLUMMETED What's Really Going On?

Mortgage demand just dropped year over year for the first time since early 2025, according to new data from the Mortgage Bankers Association. But the bigger issue may be mortgage rate volatility. Mortgage News Daily reports the average 30-year mortgage rate is around 6.44% today after hitting 6.64% less than two weeks ago. When mortgage rates fall again, pent-up housing demand could return quickly. Russell McDonald | NMLS 290837 | Broker CA DRE 01150730 Wymac Capital Inc | NMLS 18766 | Broker CA DRE 01121628 Real Estate Broker - CA Dept of Real Estate