Mortgage Demand From Homebuyers is Now 28% Higher than Last Year

CNBC, Sept. 2, 2020–Diana Olick
Homebuyers are rushing for mortgages, but fewer homeowners are refinancing even though rates are heading toward record lows. Total mortgage application volume fell 2% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was 35% higher one year ago.