Based on the most recent data shared by @MBAmortgage, home loan requests have taken a bit of a dip. For the week concluding on Sept 11, mortgage applications dropped -4.0%, reflecting a sharper decline than the -2.7% seen in the prior period. At the same time, the interest rate for a standard 30-year mortgage has climbed to 6.97%. This represents an upward shift of 12 bps from the week before, bringing the rate to the highest level observed since May 2025.