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Weekly mortgage demand plummets 10%, as rates and economic concerns rise

Weekly mortgage demand plummets 10%, as rates and economic concerns rise

Victor Becerra surveys his property located next door to a recently sold property on Wapello St. in Altadena, CA on June 4, 2025. Robert Gauthier | Los Angeles Times | Getty Images Renewed concerns over tariffs and the broader economy drove Treasury yields higher last week, and mortgage rates followed. As a result, total mortgage application volume dropped 10% last …

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