Weekly Mortgage Application Volume Drops 11% as Rates Spike and Texas Power Outages Hurt Demand

CNBC, Feb. 24, 2021–Diana Olick
Higher mortgage rates and a winter weather disaster combined to weaken mortgage demand last week.
Total mortgage application volume fell 11.4% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
https://www.cnbc.com/2021/02/24/mortgage-applications-drop-11percent-as-rates-jump-and-texas-outages-hurt-demand.html