Mortgage Refinance Demand Plunges 14%, As Interest Rates Spike Higher

CNBC, Mar. 23, 2022–Diana Olick
A sharp increase in mortgage interest rates is taking its toll on loan demand, especially refinances. Total mortgage application volume fell 8.1% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
https://www.cnbc.com/2022/03/23/mortgage-refinance-demand-plunges-14percent-as-interest-rates-spike-higher.html