【World Property Journal】Mortgage Demand in U.S. Slips as Borrowing Costs Climb to Yearly High

U.S. mortgage demand retreated last week as borrowing costs climbed to their highest level in almost a year, underscoring the continuing affordability pressures confronting prospective homebuyers during the peak summer selling season.

Total mortgage application volume fell 2.7% in the week ended July 10, 2026 from the prior week, according to data released Wednesday by the Mortgage Bankers Association (MBA). The decline followed a holiday-adjusted reporting period surrounding the July 4 weekend and reflected a sharp slowdown in home purchase activity.

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