Briefing: Mortgage refinance demand plunges 19% after interest rates shoot higher
Strategic angle: Mortgage rates shot higher last week, as the war with Iran stoked fears over inflation, leading to a significant drop in refinance demand.
Editorial Staff
1 min read
Updated 4 months ago
Refinance demand decreased by 19%
Interest rates increased due to geopolitical tensions
Buyer demand showed signs of improvement despite the drop in refinancing