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Mortgage rates are rising again, but homebuyers are trickling back

CNBC · Apr 29, 2026, 11:00 AM

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  • Mortgage rates began climbing again last week, and that took a toll on refinance demand.
  • Total mortgage application volume fell 1.6% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.

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Mortgage rates began climbing again last week, and that took a toll on refinance demand. Homebuyers, however, seem finally to be ready for the spring market.

Total mortgage application volume fell 1.6% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.

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