Mortgage demand from homebuyers drops 10% as interest rates jump
Mortgage demand dropped last week after interest rates increased. Rates continued moving higher this week, portending a slowdown in the spring market.
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction: Mortgage demand from homebuyers drops 10% as interest rates jump

### Response: Mortgage demand dropped last week after interest rates increased. Rates continued moving higher this week, portending a slowdown in the spring market.