Weekly Homebuyer Mortgage Demand Down But Still a Remarkable 18 Percent Higher than a Year Ago

CNBC, June 24, 2020–Diana Olick
Homebuyer mortgage applications have been surging for five straight weeks, thanks to pent-up demand from March and April and a coronavirus-induced desire by more consumers to find more space and escape urban apartments. Purchase mortgage volume fell 3% for the week but was a remarkable 18% higher than a year ago, the Mortgage Bankers Association said.