Mortgage Demand From Homebuyers Spikes 18%, as Interest Rates Set Another Record Low

CNBC, June 3, 2020–Diana Olick
Mortgage applications numbers get stronger each week as homebuyers rush back into the market, hoping to get their hands on what few homes there are for sale. Another record-low mortgage rate didn’t hurt. Mortgage applications to purchase a home rose 5% for the week and were a stunning 18% higher than a year ago, according to the Mortgage Bankers Association.