Borrowers Rush to Get the Last of Low Mortgage Rates, with Refinances Jumping 18%

CNBC, Feb. 2, 2022–Diana Olick
Mortgage rates continued to surge higher last week, and that brought borrowers out of the woodwork, looking to refinance. While that might seem counterintuitive, given the higher rates, there are still a significant number of borrowers who could benefit from a refinance, and they may have been worried that this was their last chance, according to the Mortgage Bankers Association.
https://www.cnbc.com/2022/02/02/borrowers-rush-to-get-the-last-of-the-low-mortgage-rates.html