Weekly mortgage demand plunges nearly 13%, as interest rates hit 2-month high

by anastasiakaufman-chime-me

Published Wed, Apr 23 20257:00 AM EDTUpdated Wed, Apr 23 20257:27 AM EDT

By: Diana Olick

A "For Sale" sign stands at a house in Miami, Florida, U.S. April 16, 2025. REUTERS/Marco Bello
A “For Sale” sign stands at a house in Miami, Florida, U.S. April 16, 2025.Marco Bello | Reuters

Higher interest rates, as well as concern over where the broader economy is headed, is causing mortgage demand to drop sharply. Last week, total mortgage application volume fell 12.7% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. LEARN MORE…

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