MBA: Refinances skyrocket as mortgage rates plummet

MBA: Refinances skyrocket as mortgage rates plummet
Mortgage applications rose a whopping 21.7% from last week, according to the latest data from the Mortgage Bankers Association. What drove the increase? A massive surge in refinances, as the Refinance Index now sits at its highest level since July 2016.
Source: https://www.housingwire.com/rss