Weekly Mortgage Refinance Demand Drops as Interest Rates Stall

CNBC, Sept. 1, 2021–Diana Olick
A prolonged period of low mortgage rates is taking its toll on the refinance market, as most borrowers who qualify have already gone through the process. As a result, applications to refinance a home loan dropped 4% for the week, seasonally adjusted, and were just 2% higher than a year ago, the Mortgage Bankers Association reported.
https://www.cnbc.com/2021/09/01/weekly-mortgage-refinance-demand-drops-as-interest-rates-stall.html