Mortgage refinance demand jumps 19% after rates hi
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Posted On: 12/13/2023 7:24:17 AM
Mortgage refinance demand jumps 19% after rates hit lowest level since July
PUBLISHED WED, DEC 13 20237:00 AM EST
KEY POINTS
Mortgage rates dropped again last week, prompting a 19% jump in refinance applications.
Demand for mortgages to buy a home also increased, but at a much lower rate of 4%.
Home prices are still high, and housing supply remains tight.
PUBLISHED WED, DEC 13 20237:00 AM EST
KEY POINTS
Mortgage rates dropped again last week, prompting a 19% jump in refinance applications.
Demand for mortgages to buy a home also increased, but at a much lower rate of 4%.
Home prices are still high, and housing supply remains tight.
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