Mortgage Refinances Fall to Decade Low

CNBC, Mar. 14, 2018–Diana Olick
Interest rates for home loans have risen each week this year, so each week homeowners have had less incentive refinance their mortgages. Another drop in refinances last week kept mortgage application volume basically unchanged, up just 0.9 percent seasonally adjusted, from the previous week, according to the Mortgage Bankers Association.