Plunge in Rates Sparks 23.5% Spike in Mortgage Applications after Unusually Weak Holidays

CNBC, Jan. 9, 2019–Diana Olick
Overall volume jumped 23.5 percent last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. An adjustment was also made for the New Year’s Day holiday. Volume was still 9 percent lower than a year ago.