No. of Recommendations: 2
cnbc.com - Mortgage demand surges higher as interest rates fall"Mortgage demand surges as interest rates ease off recent highs"
I feel the headline might be a bit of hype.
"Applications for a mortgage to purchase a home increased 8% for the week but were 27% lower than the same week one year ago."
But the part that caught my eye.....
"Applications to refinance a home loan rose 6% for the week but were 41% lower than the same week one year ago."
Just felt weird to think of people saying "wow, it's 6.77%....let's go lock in that re-fi!".
