Weekly mortgage demand suddenly surges, despite lingering economic uncertainty

by anastasiakaufman-chime-me

Published Wed, May 7 20257:00 AM EDTUpdated Wed, May 7 20259:53 AM EDT

AUSTIN, TEXAS - APRIL 24: A for sale sign is displayed near a home on April 24, 2025 in Austin, Texas. Home sales plummeted 5.9% in March, leading to the market's biggest decline since 2022. The housing market is worse than analysts expectations, with mortgage rates rising beyond six percent. (Photo by Brandon Bell/Getty Images) — A for sale sign is displayed near a home on April 24, 2025 in Austin, Texas.Brandon Bell | Getty Images

Mortgage interest rates dropped for the second straight week, although not by a lot. That was thanks to more negative news on the economy. But despite all that, weekly mortgage demand surged higher by 11%, according to the Mortgage Bankers Association’s seasonally adjusted index. LEARN MORE…

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