Mortgage applications slide 2.7% in last week of 2021
Housing Wire
JANUARY 5, 2022
The 30-year fixed rate increased 6 basis points to 3.33%, the highest since April 2021, which drove a decrease in refinance activity, Kan said. Refinance demand continues to dwindle, as many borrowers refinanced in 2020, and in early 2021 – when mortgage rates were around 40 basis points lower,” said Kan.
Let's personalize your content