Another Record Low Mortgage Rate Juiced Weekly Demand, But Rates are Suddenly Rising Now

CNBC, Aug. 12, 2020–Diana Olick
Two straight weeks of new record low mortgage rates brought consumers back to their lenders, but rates may now be reversing course. Mortgage application volume rose a significant 6.8% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.