Demand for adjustable-rate mortgages jump 10% as U.S. mortgage rates stay stubbornly high

Interest in adjustable-rate mortgages jumps 10%

The numbers: U.S. mortgage demand fell for the third week in a row, despite mortgage rates falling for the first time in two months.

Home-buying demand fell to the lowest level since 1995, and refinance activity fell to the slowest pace since the start of this year.

Buyers…