Mortgage demand drops as interest rates soar over 7%

PUBLISHED WED, APR 24 20247:00 AM EDT

By: Diana Olick

A residential real estate sold sign is seen in Washington, D.C. Brendan Smialowski | AFP | Getty Images

Mortgage rates rose for the third straight week last week, hitting the highest level since November. As a result, mortgage application demand dropped 2.7% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index…LEARN MORE…

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