Skip to main content

Fall in rates won’t trigger a surge in mortgage demand

The recent fall in the 10-year Treasury yield means the 30-year mortgage rate is set to drop to 1½-year lows over the next few weeks. But we doubt that will trigger another jump in mortgage applications for home purchase. Unlike earlier this year, there is no back log of buyers waiting to enter the market, and a slowing economy is preventing home buying sentiment from rising from 10-year lows.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services


Get access