Mortgage rates move to highest level in 5 weeks, but homebuyers shake it off

Homes at a new development in Fontana, California, US, on Saturday, May 9, 2026. Kyle Grillot | Bloomberg | Getty Images Homebuyers appear to be getting used to the new normal of higher mortgage rates, even the highest in over a month. Buyer demand for mortgages helped to push total mortgage application volume up 1.7% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. …