Mortgage refinance demand plunges 19% after interest rates shoot higher

What Happened

Mortgage rates shot higher last week, as the war with Iran stoked fears over inflation.

Why It Matters

That caused a major drop in refinance demand, but buyer demand improved.

Background Context

Mortgage rates shot higher last week, as the war with Iran stoked fears over inflation. That caused a major drop in refinance demand, but buyer demand improved.

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Source: US Top News and AnalysisOriginal Link

Source: US Top News and Analysis

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