Red-Hot Refinance Demand Retreats After Tiny Bump Higher in Mortgage Rates

CNBC, Oct. 2, 2024-Diana Olick
Mortgage rates moved ever so slightly higher last week, but it was enough to take a little heat out of what had been a briefly red-hot refinance market. That caused total mortgage application volume to fall 1.3% for the week, according to the Mortgage Bankers Association’s seasonally adjusted index.  
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