Mortgage demand remained largely unchanged last week as borrowing costs continued to move within a narrow range. At the same time, prospective homebuyers showed less interest in adjustable-rate mortgages, signaling a preference for stability despite elevated interest rates.
New data from the Mortgage Bankers Association (MBA) reported by CNBC showed that total mortgage application volume edged up just 0.04% from the previous week on a seasonally adjusted basis.
