Mortgage Refinance Demand Drops Further, Despite Homeowners Sitting on $17 Trillion in Equity

CNBC, July 10, 2024–Diana Olick
Applications to refinance a home dropped last week for the fourth straight week, down 2%, the Mortgage Bankers Association reported. Homeowners were sitting on a collective $17 trillion in equity as of the end of the first quarter of 2024.
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