Weekly mortgage demand surged 11% higher last week, as rates sat near 4-year low

Mortgage rates hovered around a 4-year low last week, and that had both home owners and potential home buyers calling their lenders. Now, total mortgage application volume rose 11% from the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. And last week, the average rate on the 30-year fixed was unchanged at 6.09% for conforming loans with 20% down.That's the lowest since 2022. Now, last year, that rate was 64 basis points higher. Applications to refinance a home loan ...