Realtor.com
Mortgage rates ticked up to 6.72% this week, but despite the rate reaching its [highest since August](https://www.realtor.com/news/real-estate-news/mortgage-rates-up/#property_location), applications were higher than one year ago. And that’s a promising sign for the housing market, which has seen pending home sales tick up sharply in September. This is consistent with the [Realtor.com® October Housing Trends report](https://www.realtor.com/research/october-2024-data) which
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Mortgage Rates Might Be Ticking Up but So Are Applications—Our Economist Explains Why This Is a Promising Trend
Danielle Hale
09:19
Mortgage rates ticked up to 6.72% this week, but despite the rate reaching its [highest since August](https://www.realtor.com/news/real-estate-news/mortgage-rates-up/#property_location), applications were higher than one year ago. And that’s a promising sign for the housing market, which has seen pending home sales tick up sharply in September. This is consistent with the [Realtor.com® October Housing Trends report](https://www.realtor.com/research/october-2024-data) which
