Mortgage rates started last week quite low and then shot higher, causing demand for both refinance and purchase mortgages to drop.
source https://www.cnbc.com/2025/11/05/in-a-volatile-week-for-interest-rates-mortgage-demand-pulled-back.html
In a volatile week for interest rates, mortgage demand pulled back
November 05, 2025
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In a volatile week for interest rates, mortgage demand pulled back
Housing Market