Mortgage rates and demand seem stuck in a holding pattern, as markets await tariff news
1. Mortgage application volume dipped 1.6% last week, reflecting economic concerns. 2. Average mortgage rates slightly decreased to 6.70%, showing minimal movement. 3. Refinance applications dropped 6%, with overall mortgage refinancing activity low. 4. Purchase mortgage applications increased 2%, showing year-over-year growth. 5. Home inventory growth indicates potential recovery in housing market.