Mortgage Demand Slumps Despite Drop in Mortgage Rates
A single-family home for sale in Hollywood, Fla., on Oct. 27, 2022. (Joe Raedle/Getty Images)
A single-family home for sale in Hollywood, Fla., on Oct. 27, 2022. (Joe Raedle/Getty Images)
A 'For Sale' sign hangs in front of a home in Miami, Fla., on June 21, 2022. (Joe Raedle/Getty Images)
A home is offered for sale by owner in Chicago, Ill., on Jan. 20, 2022. (Scott Olson/Getty Images)
Signs are posted in front of homes under construction at a KB Home housing development in Novato, Calif., on Jan. 12, 2022. (Justin Sullivan/Getty Images)
Signs are posted in front of homes under construction at a KB Home housing development in Novato, Calif., on Jan. 12, 2022. (Justin Sullivan/Getty Images)
A mansion-style home is seen in Atherton, Calif., July 12, 2005. (Justin Sullivan/Getty Images)
New homes are seen past construction vehicles in Laurel, Maryland, on June 4, 2022. (Stefani Reynolds/AFP via Getty Images)
New homes are seen past construction vehicles in Laurel, Maryland, on June 4, 2022. (Stefani Reynolds/AFP via Getty Images)
A for sale sign is posted in front of a property in Monterey Park, Calif. on Aug. 16, 2022. (Frederic J. Brown/AFP via Getty Images)
A for sale sign is posted in front of a property in Monterey Park, Calif. on Aug. 16, 2022. (Frederic J. Brown/AFP via Getty Images)