As Mortgage Rates Shoot Even Higher, Refinance Demand Plummets 10%

CNBC, Oct. 6, 2021–Diana Olick
A sharp jump in mortgage interest rates over the past few weeks is taking its toll on mortgage demand. Total application volume fell nearly 7% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
https://www.cnbc.com/2021/10/06/as-mortgage-rates-shoot-even-higher-refinance-demand-plummets-10percent.html