Mortgage demand jumps to six-week high as interest rates continue to drop

by anastasiakaufman-chime-me

PUBLISHED WED, NOV 22 20237:00 AM ESTUPDATED 9 MIN AGO

By: Diana Olick

An "Open House" sign is displayed in the front yard of a home for sale in Columbus, Ohio, U.S.

An “Open House” sign is displayed in the front yard of a home for sale in Columbus, Ohio, U.S.Bloomberg | Bloomberg | Getty Images

Mortgage demand is finally crawling out of the basement as interest rates continue to move lower.

Total application volume increased 3% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.

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