Daily Market Updates: Mortgage demand falls 19% as rates jump higher

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At close · Wed, Sep 23, 2026

Real Estate

Home›Real Estate›Mortgages›Mortgage demand falls 19% as rates jump higher

Mortgage demand falls 19% as rates jump higher

CNBC Real Estate reports mortgage rates have surged to the highest level since the start of 2025.

Reported · Written up by our desk · Mortgages

Mortgage demand from homebuyers fell 19% from a year earlier as mortgage interest rates rose sharply, according to CNBC Real Estate.

The outlet said mortgage rates are at their highest level since the start of 2025, driving a pullback in demand.

The report links the decline in applications to the abrupt increase in rates, which makes borrowing more expensive for prospective buyers.

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Sources

CNBC Real EstateMortgage demand from homebuyers drops 19% from a year ago, as interest rates surge abruptly higher

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