7% interest rates hit weekly mortgage demand hard

PUBLISHED WED, FEB 28 20247:00 AM ESTUPDATED 2 HOURS AGO

By: Diana Olick

Higher mortgage rates continue to hit demand from both current homeowners and potential homebuyers.

Total mortgage application volume dropped 5.6% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. An additional adjustment was made to account for the Presidents Day holiday…. Learn More…

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