GgoogleUS first seen 10 h ago, last 9 h ago, peak #2

Mortgage Refinance Demand Falls to Half of Last Year's Level

Original: refinance home loan

Refinancing activity in the United States has dropped sharply, with demand now running at roughly half of what it was a year ago, according to CNBC. The decline comes as mortgage rates climb again, removing the main financial incentive for homeowners to replace their existing loans. Homeowners are watching rates closely, but with borrowing costs rising, many are staying with their current mortgages instead.

Why now: Rising mortgage rates are squeezing household finances, making refinancing decisions a hot topic for homeowners.

CNBCUS mortgage market

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Rank over time, top of the chart is #1. 4 snapshots from 10 h ago to 9 h ago.

Evidence

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

API: https://socialmediatrends-api.osmike.com/v1/trends/1486819