Daily Archives: October 20, 2021

Weekly mortgage demand drops over 6% after interest rates move even higher

By | October 20, 2021

Applications to refinance a home loan, which are most sensitive to weekly rate changes, decreased 7% for the week and were 22% lower year over year. The refinance share of mortgage activity fell to 63.3% of total applications from 63.9% the previous week. “Refinance applications declined for the fourth week as rates increased, bringing the refinance index to… Read More »