GgoogleUS first seen 2 d ago, last 2 d ago, peak #4

Mortgage refinance demand falls to half of last year's level

Original: loans

Rising mortgage rates have pushed refinance demand down to half of what it was a year ago, according to CNBC. Homeowners who might have refinanced at lower rates are staying put, reflecting the broader slowdown in the US housing market as borrowing costs climb and affordability pressures mount.

Why now: Mortgage rates are rising again, prompting homeowners to reconsider refinancing and loans.

CNBCUS housing market

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Evidence

• Refinance demand is now half what it was a year ago, as mortgage rates rise again · CNBC

Elsewhere

• GgoogleGB #10 · 12 h ago

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