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Weekly mortgage demand stalls along with interest rates, but rates are now moving higher again.
Last week, both mortgage rates and mortgage demand were unchanged, and total volume is reported as lower than year-ago levels. Although weekly mortgage demand stalled along with interest rates, the title notes that rates are currently moving higher again.
Related Signal
Adjacent reporting
- Weekly mortgage demand drops as rates remain stuck in a narrow range
- Weekly mortgage demand surges nearly 11% higher, despite volatile interest rates
- Mortgage rates hit their highest level in over a year, causing demand to drop below year-ago levels
- Mortgage demand surged nearly 11% last week — even as interest rates stayed volatile
- Mortgage rates finally stop rising, causing demand to trickle back
- Mortgage demand is slipping as rates hover stubbornly above 6.5%