Never Have So Few Homeowners Had Reason to Refinance
Bloomberg, Mar. 24, 2022–Carmen Arroyo
Applications to refinance home loans have plunged, dropping about 60% since August, according to data from the Mortgage Bankers Association on Wednesday. Those kinds of drops in refinancings can end up being painful for mortgage bond holders, tying up their invested money for longer periods of time and preventing them from reinvesting as much at higher yields.