Demand for mortgages in the United States has dropped to the lowest level since May.

Although mortgage rates in the United States have remained almost unchanged for several weeks, the current factor suppressing consumer demand is not interest rates. What really worries people is the uncertainty of the economic outlook, which is preventing some people from making major financial decisions. For these reasons, the Mortgage Bankers Association of America's seasonally adjusted data shows that mortgage applications in the United States fell by 3.8% last week compared to the previous week.