Mortgage Rates Fall for the First Time in 3 Weeks, But Demand is Still Light

CNBC, Aug. 25, 2021–Diana Olick
After rising for three weeks, mortgage rates came back down a bit last week, but it didn’t seem to have much effect on mortgage demand. Total application volume rose 1.6% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.