Home Refinances Plunge 40%
The Iranian conflict has caused the mortgage market to tremble, resulting in a sharp decline in demand, particularly for refinances. According to the Mortgage Bankers Association, the demand for mortgages fell precipitously for a third consecutive week, with a 10.4% decrease in total applications. Refinancing activity has decreased by 40% since late February due to a roughly 40 basis point increase in mortgage rates.
The post Home Refinances Plunge 40% appeared first on Top Ten Real Estate Deals - Condos for Sale.
Categories
Recent Posts
Dr. Phil Goes Big In Beverly Hills
Bob Hope’s UFO House
Small changes that can help agents stand out in any market
Fed minutes: Another rate hike likely this year to combat inflation
Aaron Paul Sells Iconic Seyler House
Average long-term mortgage rate rises 7th week in a row
Florida Realtors disaster fund ready to help
New appraisal reporting format calls for early preparation
Angelina Sells Historic Home To Madonna
Senators introduce bill to protect independent contractor status
