Weekly mortgage demand inched up, despite higher interest rates. Here’s why
Published Wed, Nov 20 20247:00 AM ESTUpdated Wed, Nov 20 20248:27 AM EST
By: Diana Olick
Single-family homes in a residential neighborhood in San Marcos, Texas.Jordan Vonderhaar | Bloomberg | Getty Images
After flatlining the week before, mortgage demand rose last week, despite mortgage rates increasing for the fourth straight week. Total application volume climbed 1.7% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
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