Weekly mortgage demand pulls back, as interest rates rise for the first time in 9 weeks

Published Wed, Mar 19 20257:00 AM EDTUpdated Wed, Mar 19 20258:09 AM EDT

By: Diana Olick

watch nowVIDEO02:08Weekly mortgage demand pulls back, as interest rates rise for the first time in 9 weeks

After a strong streak of gains, mortgage demand pulled back last week. An increase in mortgage rates, as well as rising uncertainty about the economy, were the likely culprits.

Total mortgage application volume dropped 6.2% from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. LEARN MORE…

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