Mortgage demand is mixed, as interest rates hit highest level since May

Published Wed, Jan 15 20257:00 AM EST

By: Diana Olick

A completed planned development is seen in Ashburn, Virginia, on Aug. 14, 2024.Andrew Caballero-Reynolds | AFP | Getty Images

Mortgage demand started this year stronger than it did last year, even though interest rates are higher. Total mortgage application volume last week was 7% higher than the same week one year ago, according to the Mortgage Bankers Association’s seasonally adjusted index.LEARN MORE…

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