Higher interest rates crush mortgage refi application volume (down 41.35%)

This is a syndicated repost courtesy of Confounded Interest. To view original, click here. Reposted with permission.
Well, the recent surge in the 30 year mortgage rate has resulted in an epic 41.35% decline Week over Week in mortgage refinancing applications, according to the Mortgage Bankers Association (MBA).

This post was published at Examiner by Anthony B. Sanders ‘ November 30, 2016.