Surging Interest Rates Push Mortgage Demand Down More than 40% from a Year Ago

CNBC, Apr. 6, 2022–Diana Olick
Rising interest rates are crushing the mortgage market, as precious few homeowners can now benefit from a refinance and more potential homebuyers become priced out. Total mortgage application volume fell another 6% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
https://www.cnbc.com/2022/04/06/surging-interest-rates-push-mortgage-demand-down-more-than-40percent-from-a-year-ago.html