Weekly mortgage demand jumps 8.6% after interest rates fall to a two-month low

KEY POINTS

  • Last week was the first overall increase in weekly mortgage applications since the end of February.
  • Applications to refinance a home loan jumped 10% for the week, but were still 23% lower a year ago, the Mortgage Bankers Association said.

A sharp drop in mortgage interest rates sent homeowners and potential homebuyers to their mortgage lenders.

Total mortgage application volume surged 8.6% last week compared with the previous week, Read more…

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