Lower interest rates ignited demand for home mortgages and refinancings in November, the Federal Reserve Board said Wednesday.

Banks in the New York, Philadelphia, Cleveland, Richmond, Va., Atlanta, Chicago, St. Louis, and Kansas City, Mo., regions reported strong demand for such loans, the Fed reported in the Beige Book, its periodic review of the country's economic health.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.