Mortgage Demand from Homebuyers Surges After Election Pause

CNBC, Nov. 18, 2020–Diana Olick
Mortgage applications to purchase a home rose 4% for the week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was a decisive 26% higher annually. Demand had fallen off for about a month around the election, even though mortgage rates hovered near a record low.