US mortgage applications fell 2.7% as 30-year fixed rates climbed to 6.85%, nearing 7%. Freddie Mac reports the highest rate since July 2025.

US mortgage applications fell 2.7% as 30-year fixed rates climbed to 6.85%, nearing 7%. Freddie Mac reports the highest rate since July 2025.

Mortgage rates rose to 6.85%, pushing more borrowers toward ARMs as total mortgage demand fell 2.7% and refinance applications dropped 6%. | Business News