Mortgage Rates Finally Stop Rising, Causing Demand to Trickle Back The recent dip in mortgage rates has brought much needed relief to the struggling housing market.
According to the Mortgage Bankers Association's latest report, total mortgage application volume increased by 3. 6% last week compared to the previous week.
This slight uptick is a welcome respite from the five week streak of rising rates that had left buyers and sellers wondering if they'd ever find stable footing.