Adjustable-rate mortgage demand hits highest level in nearly a year as interest rates continue to climb
PUBLISHED WED, OCT 25 20237:00 AM EDT
By: Diana Olick
Mortgage demand has essentially stalled at the slowest pace since 1995 as mortgage interest rates continue to rise.
Total application volume dropped 1% last week compared to the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
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