
Weekly mortgage demand plunges nearly 13%, as interest rates hit 2-month high newsthirst.
A “For Sale” sign stands at a house in Miami, Florida, U.S. April 16, 2025. Marco Bello | Reuters Higher interest rates, as well as concern over where the broader economy is headed, is causing mortgage demand to drop sharply. Last week, total mortgage application volume fell 12.7% compared with the previous week, according to…