Mortgage refinance demand plunges 19% after interest rates shoot higher (United States)

 

Mortgage rates last week jumped to the highest level since the end of last year, causing a slowdown in the growing refinance demand the market had been seeing at the start of this year. That pushed total mortgage application volume down 10.9% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. 

  

 

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