Mortgage demand jumps 10.8%

Mortgage applications rose 10.8%, with purchase requests up 7%, as more Americans choose to buy homes despite high mortgage rates above 6%. Many buyers prioritize life events over waiting for better market conditions, fearing future price increases and reduced affordability. Increased awareness of financing options, such as low down payment programs, is also encouraging home purchases. Buyers are advised to focus on affordability and personal finances before committing.