Weekly Mortgage Demand Falls 6% as Rates Climb

·3-min read
Weekly Mortgage Demand Falls 6% as Rates Climb

Although mortgage rates are still sitting at competitive levels, historically speaking, they have risen over the past few weeks. Total mortgage application volume fell 6.3% last week compared to the week before, as per the Mortgage Bankers Association’s seasonally adjusted index. If you're thinking of buying a home or refinancing a mortgage, you may be wondering if now's not the best time to move forward with those plans.

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