Wednesday, 21 October 2026 Updated 12 min ago
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Mortgage rates drop for the first time in 2 months, but demand still falls further

Mortgage rates finally came down a little, but borrowers are still having trouble getting into the housing market.

CNBC reports: Mortgage rates finally came down a little, but borrowers are still having trouble getting into the housing market.

This business story centres on the United States.

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Moves like this are watched by investors, employers and consumers because of their potential effect on markets and the wider economy.

Key details

Location
United States · Americas
Reported by
CNBC
First reported
Section
Business

Sources

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