{"id":7756,"date":"2023-09-06T21:23:17","date_gmt":"2023-09-06T21:23:17","guid":{"rendered":"https:\/\/prosfunds.com\/news\/u-s-mortgage-demand-drops-to-the-lowest-level-in-27-years-despite-drop-in-rates\/"},"modified":"2023-09-06T21:23:18","modified_gmt":"2023-09-06T21:23:18","slug":"u-s-mortgage-demand-drops-to-the-lowest-level-in-27-years-despite-drop-in-rates","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=7756","title":{"rendered":"U.S. mortgage demand drops to the lowest level in 27 years, despite drop in rates"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002473039\">\n<div class=\"snippet__body\">\n<p>The numbers: Mortgage rates fell over the latest week, but demand for mortgages fell to multidecade lows as U.S. home buyers stayed put.<\/p>\n<p>Demand for mortgages fell to the lowest level since December 1996, while purchase applications fell to a 28-year low, despite rates falling 10 basis points over the last week. The 30-year was averaging at 7.21%.<\/p>\n<p>Demand&#8230;\n      <\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/mortgage-demand-drops-to-the-lowest-level-in-27-years-despite-drop-in-rates-9a8b777?mod=economy-politics\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The numbers: Mortgage rates fell over the latest week, but demand for mortgages fell to multidecade lows as U.S. home buyers stayed put. Demand for mortgages fell to the lowest level since December 1996, while purchase applications fell to a 28-year low, despite rates falling 10 basis points over the last week. The 30-year was [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7757,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[38],"tags":[],"class_list":{"0":"post-7756","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>U.S. mortgage demand drops to the lowest level in 27 years, despite drop in rates | Prosfunds<\/title>\n<meta name=\"description\" content=\"The numbers: Mortgage rates fell over the latest week, but demand for mortgages fell to multidecade lows as U.S. home buyers stayed put. 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