Equifax (EFX) says mortgage industry volumes ran below expectations after the 30-year rate rose ~30bps since April to about 6.6%

Equifax (EFX) says mortgage industry volumes ran below expectations after the 30-year rate rose ~30bps since April to about 6.6%.

Equifax's commentary on mortgage industry volumes suggests weakness in housing activity as higher rates increasingly deter potential buyers. With the 30-year mortgage rate up about 30 basis points, this could reflect broader pressure on economic growth and consumer sentiment, potentially impacting sectors tied to real estate and borrowing.