December 26, 2024

Home mortgage demand on the US Housing Market continues to plummet.


With data from the Mortgage Bankers Association reporting that mortgage applications to buy a house are down 15% YoY. And are now resting at their lowest level since 1995.

Mortgage demand plummets

Mortgage demand plummets - California homeowners

Low mortgage demand is making life very difficult for realtors and mortgage brokers. Who rely on mortgage issuance to drive home sales and fees. Big real estate companies such as Zillow and Redfin are also struggling due this lower home sale and mortgage origination environment. Which makes sense. Mortgage rates are now over 7% again. Home prices are still resting at near their highest level on record, and so many homebuyers are priced out of the market.

Mortgage demand plummets

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  • DISCLAIMER:

    Some of the links in this description and in our videos may be affiliate links, and pay a small commission if you use them, but never increase the basic cost. I really appreciate the support. The content in my Youtube videos SHALL NOT be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other & may be outdated or inaccurate; it is your responsibility to verify all information. I am a not financial adviser. I only express my opinions based on my experiences. Your experience may be quite different. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. You must conduct your own research. There is NO guarantee of gains or losses on any investments. My produced videos are for entertainment purposes ONLY.  DO NOT make buying or selling decisions based on these videos. If you need advice, please contact a qualified CPA, attorney, insurance agent, contractor/electrician/engineer, financial advisor, or the appropriate professional for the subject you would like help with.

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