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Mortgage Demand Rises 8%

  • April 12th 2023

by UrbanTurf Staff

Mortgage rates chart_04-06-23.png

As interest rates dropped last week, buyers got off the sidelines. 

Mortgage application volume rose 8% week-over-week, the Mortgage Bankers Association (MBA) reported on Wednesday. 

“Prospective homebuyers this year have been quite sensitive to any drop in mortgage rates, and that played out last week," Mike Fratantoni, MBA’s SVP and Chief Economist, said in a release.

On Thursday, Freddie Mac will release its weekly interest rates, so it will be interesting to see if rates fall as the result of slowing inflation.

See other articles related to: mortgage demand

This article originally published at https://dc.urbanturf.com/articles/blog/mortgage_demand_rises_8/20899.

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