Mortgage Demand from Homebuyers Amazes Again, Now Up 13% Annually Despite Rising Rates

CNBC, June 10, 2020–Diana Olick
Rising interest rates did nothing to deter an onslaught of mortgage demand from homebuyers. Applications for loans to purchase a home rose 5% last week from the previous week and were 13% higher than a year ago, according to the Mortgage Bankers Association’s seasonally adjusted index.