Weak Mortgage Demand Could Get a Big Boost as Ukraine Crisis Causes Interest Rates to Drop Sharply

CNBC, Mar. 2, 2022–Diana Olick
Mortgage application volume was essentially flat compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Borrowers had no incentive to refinance, and homebuyers continue to face high prices and a severe lack of listings.