Mortgage Refinance Demand Surges 27%, as Interest Rates Drop for the Third Straight Week

CNBC, Dec. 11, 2024-Diana Olick
Mortgage rates fell again last week, and while the drop wasn’t huge, it was enough to spur current homeowners to look for some savings. The surge in refinances was behind a 5.4% increase in total mortgage demand compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
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