Mortgage Refinance Demand Jumps 18% as Interest Rates Drop for the 5th Straight Week

CNBC, Feb. 8, 2023–Diana Olick
Mortgage rates continued to fall last week, and both current homeowners and potential homebuyers reacted swiftly. Total mortgage application volume, including refinances and loans to purchase a home, jumped 7.4% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.