Why Home Refinance Loans Are Slipping

24/7 Wall Street, Apr. 12, 2018–Paul Ausick
According to the Mortgage Bankers Association report for the week ending April 6, home refinancing applications fell 2% week over week to 38.4% of all new mortgage loan applications. That’s the lowest percentage for home refinance applications since September 2008 and about half the peak rate of just a few years ago.