Real Estate

Mortgage Demand Surges Despite Rising Interest Rates

The average 30-year fixed mortgage rate rose 9 basis points to 6.6 percent.
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Mortgage Demand Surges Despite Rising Interest Rates
A sign in Washington on May 19, 2025. Madalina Vasiliu/The Epoch Times
Andrew Moran
|Updated:
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Mortgage market activity accelerated this past week despite rising interest rates amid the ongoing war in Iran.

For the week ending June 5, mortgage applications surged almost 11 percent, according to Mortgage Bankers Association data released on June 10.

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