Brief Drop in Mortgage Rates Sparks Mini Refinance Boom

March 9, 2022

CNBC, Mar. 9, 2022–Diana Olick
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 4.09% from 4.15%, with points remaining unchanged at 0.44 (including the origination fee) for loans with a 20% down payment, according to the Mortgage Bankers Association. The rate was 83 basis points lower one year ago.
https://www.cnbc.com/2022/03/09/brief-drop-in-mortgage-rates-sparks-mini-refinance-boom.html