A Slight Drop in Mortgage Rates Didn’t Stop the Bleeding in Refinances

CNBC, Mar. 31, 2021–Diana Olick
Higher mortgage rates are hitting the refinance market hard and may finally be taking their toll on homebuyers. Mortgage application volume fell 2.2% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
https://www.cnbc.com/2021/03/31/slight-drop-in-mortgage-rates-didnt-stop-the-bleeding-in-refinances.html