Borrowers Rush to Refinance, As Mortgage Rates Drop for a Second Week

CNBC, Nov. 10, 2021–Diana Olick
Mortgage rates fell for the second straight week last week, and that helped boost refinance demand for the first time in a while. As a result, total mortgage application volume rose 5.5% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.