Mortgage Applications Drop As Rising Rates Squeeze Refinance Demand
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 19 2025
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Source: Benzinga
Mortgage Application Decline: Mortgage applications fell by 6.2% last week due to rising interest rates, with the average 30-year fixed mortgage rate increasing to 6.72%. Refinance demand dropped significantly, while home purchase applications showed slight resilience.
Federal Reserve's Impact: The Federal Reserve is expected to maintain its benchmark interest rate, and investors are keenly awaiting comments from Fed Chair Jerome Powell regarding future rate cuts and inflation projections, which could influence the housing market outlook.
Analyst Views on REZ
Wall Street analysts forecast REZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for REZ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 83.940
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Current: 83.940
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
