The mortgage refinance boom was short-lived. The rebound in interest rates has slowed borrowers seeking to refinance their mortgages, CNBC reported. Mortgage application volume fell 5.6 percent from the previous week — but applications were still 24 percent higher year-over-year because of the recent increase in refinancing. After rates fell for four straight weeks to the lowest level in more than a year, the average contract interest rate for 30-year fixed-rate mortgages ticked up to […]
source https://therealdeal.com/2019/04/10/after-a-short-boom-higher-rates-are-driving-down-mortgage-refis/
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