Skip to content

US Mortgage Applications Drop to Lowest Level Since Early 2000

Video player cover image
We're Heading Into a Housing Recession: NAHB CEO
Updated on

A measure of US mortgage applications to buy or refinance a home fell to the lowest since the turn of the millennium in the latest sign of sluggish housing demand.

The Mortgage Bankers Association’s market index dropped in the week ended July 15 to the lowest since February 2000, data released Wednesday showed. The group’s measure of home purchase applications fell for a third week to a more than two-year low.