Mortgage rates drop for the first time in 2 months, but demand still falls further — Live Feedhttps://www.live-feeds.com/feed/mortgage-rates-drop-for-the-first-time-in-2-months-but-demand-still-falls-furtherContinuously updated, source-cited coverage. Mortgage Rates Fall, But Demand Plummetshttps://www.live-feeds.com/feed/mortgage-rates-drop-for-the-first-time-in-2-months-but-demand-still-falls-furtherhttps://www.live-feeds.com/feed/mortgage-rates-drop-for-the-first-time-in-2-months-but-demand-still-falls-further#u153728Sun, 25 Oct 2026 10:45:32 +0000Mortgage rates have dropped for the first time in two months, with the average 30-year fixed rate decreasing to 7.32% for the week ending October 22. Despite this relief, overall demand continues to decline as the housing slump deepens. Total mortgage application volume dropped 5.3% last week compared to the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. Mortgage applications to buy a home fell 18% from last year. Experts note that lower borrowing costs were not enough to boost application activity for new mortgage loans or refinancing.Why it mat