Federal prohibition complicates getting a loan, qualifying for a mortgage, processing a payment or depositing a check.

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Mortgage applications fell 10% last week from a week earlier as higher rates and economic uncertainty dampened demand, according to the Mortgage Bankers Association.

Would-be homebuyers took notice, with mortgage applications plunging 10% for the week ending on July 11 after three straight weeks of increases, according Mortgage Bankers Association (MBA).

New-home mortgage applications fell in June, consistent with typical seasonal patterns, but remained ahead of last year’s pace.

Mortgage applications fell 10% last week from a week earlier as higher rates and economic uncertainty dampened demand, according to the Mortgage Bankers Association.

The Mortgage Bankers Association reports the number of people applying for mortgages plunged by 10% from the previous week. There could be other factors that help explain the numbers.

As a result, total mortgage application volume dropped 10% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.

Mortgage demand dropped 10%, as new concerns over tariffs and the economy hit both investors and consumers.