Mortgage Refinancing Suddenly Surges, But Homebuyers Stall Due to Sticker Shock

February 3, 2021

CNBC, Feb. 3, 2021–Diana Olick
Applications to refinance jumped 11% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Demand was 59% higher than a year ago. The refinance share of mortgage activity increased to 71.4% of total applications from 70.7% the previous week.
https://www.cnbc.com/2021/02/03/mortgage-refinancing-surges-but-high-home-prices-stop-buyers.html