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US Home Purchase Applications Fall After Prior Week's Surge

US Home Purchase Applications Fall After Prior Week's Surge

Bloomberg16-07-2025
US mortgage applications to buy a home declined last week to the lowest level since late May as borrowing costs remained elevated.
The Mortgage Bankers Association's index of home-purchase applications slumped 11.8% in the week ended July 11, data from the group showed Wednesday. While that marked the biggest drop since 2022, it followed a 9.4% jump in the previous week that included Independence Day. The figures are prone to wide swings around holidays even though the data are adjusted for seasonal effects.
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