Mortgage rates have surged to the highest level since the start of 2025, causing a major pullback in mortgage demand.
This article was originally published at https://www.cnbc.com/2026/09/16/mortgage-demand-from-homebuyers-drops-19percent-from-a-year-ago.html.
Buck Hunt to remain chairman and lead new venture, as executive shuffle elevates Steve Brant to CFO
The month of October still has plenty of variables that can be a problem for rates
Net new orders fell 6.7% and gross margin slid to 22.7% as incentives and land costs pressured returns