Real Estate

Mortgage demand from homebuyers jumps to highest level since April, after new listings rise all summer


Potential homebuyers exit an open house in Redondo Beach, California.

Patrick T. Fallon | Bloomberg | Getty Images

Fall is usually the start of the slower season for the housing market, but nothing is usual in today’s pandemic-driven housing market. Potential homebuyers are seeing a slight rise in inventory and consequently rushing back into the fray.

Mortgage applications to purchase a home jumped 7% last week from the previous week, seasonally adjusted, according to the Mortgage Bankers Association. An additional adjustment was made to account for the Labor Day holiday. That is the highest level since April of this year. These applications were still 11% lower than the same week one year…


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