Economic Report: Mortgage applications fall to the lowest pace in 25 years, as interest rates nearing 7% spook buyers Posted on October 5, 2022 By Charlielikes Mortgage applications fell 14.2% in the latest week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 6.75%. Stock Market Tags:– as, ‘nearing, ‘to, $7, 25%, applications, buyers, economic, fall, in, interest, lowest, market, mortgage,, pace, rates, report, spook, stock, stock market, the, years-