Federal Reserve

Refi Mortgage Demand Surges 13.2% Despite High Rates

Applications for refinancing mortgages unexpectedly surged last week despite rising interest rates. The Mortgage Bankers Association (MBA) said that overall mortgage applications rose 5.4 percent last week. Purchase mortgage applications rose 2.3 percent and refinancings jumped 13.2 percent. The burst

Residential real estate loan, financial concept : House model, coins, US dollar bag, white clock on a table, depicts home loan or borrowing money to buy / purchase a new home for first time homebuyer