Homebuyer demand pushes mortgage applications higher, even as interest rates inch up again

by anastasiakaufman-chime-me

PUBLISHED WED, JAN 24 20247:00 AM ESTUPDATED 2 HOURS AGO

By: Diana Olick

An "Open House" flag is seen in front of a home for sale in Alhambra, California on January 18, 2024. Mortgage rates this week have dropped to its lowest level in eight months for potential US homebuyers but affordability remains a challenge. (Photo by Frederic J. BROWN / AFP) (Photo by FREDERIC J. BROWN/AFP via Getty Images)
An “Open House” flag is seen in front of a home for sale in Alhambra, California on January 18, 2024. Frederic J. Brown | AFP | Getty Images

Mortgage rates rose slightly last week, but that did not seem to deter homebuyers who have come back after the holidays.

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