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Mortgage Refinance Demand Plunge 13% as Interest Rates Climb Toward Two-Year High
CNBC, Jan. 26, 2022–Diana Olick
Mortgage refinance applications, which are highly sensitive to daily rate moves, fell 13% for the week and were 53% lower year over year, according to the Mortgage Bankers Association’s seasonally adjusted index. Rates have now been moving higher for five straight weeks.
https://www.cnbc.com/2022/01/26/mortgage-refinance-demand-plunges-13percent-as-interest-rates-climb.html