Weekly mortgage demand jumped 20% last week, as tariff volatility briefly tanked rates

Published Wed, Apr 9 20257:00 AM EDTUpdated Wed, Apr 9 20257:56 AM EDT

By: Diana Olick

Volatility in financial markets caused a sharp drop in mortgage interest rates last week, which resulted in a big spike in mortgage demand.

Total mortgage application volume jumped 20% last week compared with the previous week to the highest level since September 2024, according to the Mortgage Bankers Association’s seasonally adjusted index. LEARN MORE…

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