Mortgage demand
Coverage of Mortgage demand in the Nexus archive.
- Mortgage rates hit their highest level in over a year, causing demand to drop below year-ago levels
Mortgage rates reached their highest level in over a year, leading to a decline in total mortgage demand compared to the previous year's levels.
- Mortgage demand is slipping as rates hover stubbornly above 6.5%
Mortgage demand is declining as the 30-year fixed rate rose to 6.58% for the week ending July 3, leading to subdued refinance and purchase activity.
- Weekly mortgage demand drops as rates remain stuck in a narrow range
Mortgage demand has dropped due to mortgage rates remaining in a narrow range for over a month. The lack of movement in rates has led to weak demand.
- Mortgage demand surged nearly 11% last week — even as interest rates stayed volatile
Mortgage demand increased by nearly 11% last week as both refinance and purchase applications rose. The Mortgage Bankers Association (MBA) noted that borrowers took advantage of opportunities when interest rates temporarily declined.
- Weekly mortgage demand surges nearly 11% higher, despite volatile interest rates
Weekly mortgage demand increased nearly 11%, driven by both current homeowners and potential buyers, despite rising interest rates. The surge occurred even as interest rates climbed, indicating strong demand despite market volatility.