Weekly Mortgage Demand Jumps Nearly 11% Despite Interest Rate Volatility

Source: International Business Times

Total mortgage application volume increased by almost 11% from the previous week, signaling that many buyers remain eager to enter the market despite borrowing costs that remain well above historical lows. Getty Images Mortgage demand rebounded sharply last week, rising nearly 11% even as volatile interest rates continued to fluctuate and broader economic uncertainty weighed on the housing market. According to the latest data from the Mortgage Bankers Association (MBA), total mortgage application volume increased by almost 11% from the previous week, signaling that many buyers and homeowners remain eager to enter the market despite borrowing costs that remain well above historical lows.