“Mortgage refinance demand jumps 14% as rates fall to… [7%]”
December 8, 2023
“After surging over 8% in October, mortgage rates are falling back toward 7% again, and that is jump-starting the refinance market… As a result, applications to refinance a home loan increased 14% from the previous week and were 10% higher than the same week one year ago…
The actual level of refinance demand, however, is still quite low, given that so many borrowers refinanced in the first years of the Covid pandemic, when rates hit more than a dozen record lows…”
https://www.cnbc.com/2023/12/06/mortgage-refinance-demand-jumps-as-rates-fall.html