US mortgage rates fall for first time in 2 months, but homebuyer demand drops 7% as costs stay high

US mortgage rates fall, but homebuyer demand drops 7% amid high borrowing costs. (pexel)

US mortgage rates fell for the first time in more than two months. However, the small drop has not encouraged more people to apply for home loans, as borrowing costs remain high. Mortgage rates are still close to their highest levels in several years. US mortgage rates fall, but homebuyer demand drops 7% amid high … Read more