Mortgage Demand Surges as Interest Rates Fall for 3rd Straight Week: MBA

Still, the spring U.S. housing market remains ‘unseasonably slow.’
Mortgage Demand Surges as Interest Rates Fall for 3rd Straight Week: MBA
A 'For Sale' sign in front of a home in Pasadena, Calif. Mario Tama/Getty Images
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Mortgage market activity surged last week as interest rates declined for the third consecutive week, new industry data released on April 22 show.

Total mortgage applications climbed nearly 8 percent for the week ending April 17, according to the Mortgage Bankers Association.

Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."