The Economic Times

US Mortgage applications rise 1.8% first increase in 5 weeks as rates drop, refinance demand surges while homebuyers stay cautious

US mortgage applications saw a small rise after several weeks of decline. This happened because loan interest rates became lower, helping more people refinance their homes. However, buying homes is still slow as many people feel unsure about the economy. The housing market is showing mixed signs, with some improvement but still weak demand from new buyers.