HUD Articles
Mortgage Demand Jumps in Past Week Amid Bank Closures, as Rates Took a Dip
March 16, 2023
Mortgage demand rose over the past week, despite news of bank closures and an uncertain economic outlook. Demand for mortgages rose 6.5% in the latest week as rates dropped slightly. The market index rose by 6.5% to 214.5 for the week ending March 10 from a week earlier. A year ago, the index stood at 496.5