Mortgage Demand Surges as Interest Rates Fall for 3rd Straight Week: MBA

A ‘For Sale’ sign in front of a home in Pasadena, Calif. Mario Tama/Getty ImagesMortgage market activity surged last week as interest rates declined for the third consecutive week, new industry data released on April 22 show.Total mortgage applications climbed nearly 8 percent for the week ending April 17, according to the Mortgage Bankers Association.