Mortgage demand dropped sharply last week, even though interest rates moved slightly lower. The culprit was likely the recent winter storm.
source https://www.cnbc.com/2026/02/04/rough-winter-weather-hits-homebuyers-tanking-mortgage-demand.html
Rough winter weather hits homebuyers, tanking mortgage demand
February 04, 2026
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Rough winter weather hits homebuyers, tanking mortgage demand
Housing Market