Mortgage Refinance Demand Plunged 15% Last Week

·3-min read
Mortgage Refinance Demand Plunged 15% Last Week

Since mid-2020, mortgage rates -- including refinance rates -- have sat at very competitive levels. The Mortgage Bankers Association reports that refinances fell 15% from the previous week and 41% from the same week one year prior. A big reason refinance demand fell last week was that interest rates crept upward.

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