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Decent Bounce in Mortgage Demand Thanks to Last Week's Lower Rates

Reported · Written up by our desk · Residential

Mortgage applications bounced back in the latest week, with both purchase and refinance activity moving higher. The Mortgage Bankers Association (MBA) reported a 6.2% increase in total application volume for the week ending November 6, 2026. NOTE: That Nov 6th date is important as it marked the bottom of the range for interest rates after a nice decline that began in mid October. Rates have risen sharply since then so all that follows is likely a bit of a retrospective. In other words, application demand will probably fall again in next week's data thanks to this week's higher rates. Purchase

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