Despite rising mortgage interest rates, mortgage applications are on the rise. CNN Money reports on mortgage applications:

Refinance application volume rose 8.7%, while purchase volume increased
6.7%, on an adjusted basis. Refinance applications accounted for 37.3%
of all applications.

Is this an indication that buyers are becoming more comfortable with the idea of getting back into the housing market? Does it mean that mortgage lenders are starting to relax a few of their standards? Are home values starting to recover a little so that refinancing becomes an option?

Whatever the reason, higher mortgage interest rates aren’t stopping an increase in mortgage applications, and that could be a good sign.