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

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

By: Diana Olick

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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