Iowa Bankers Association Iowa Bankers Insurance & Services, Inc.
Iowa Bankers Association
8800 NW 62nd Avenue
Johnston, IA 50131
Toll-Free: 800-532-1423
Local: 515-286-4300
Fax: 515-280-4140

Mortgage Refinance Demand Drops 20% as Rates Rise

:Mortgage Refinance Demand Drops 20% as Rates Rise to 10-Month High

Mortgage rates moved higher again last week, causing homeowners and potential homebuyers to pull back on borrowing. Overall mortgage application volume decreased 5.1% from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
https://www.cnbc.com/2021/04/07/mortgage-refinance-demand-drops-20percent-as-rates-rise-to-10-month-high.html

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