Higher US rates put a damper on mortgage refinancing
Even a small rise in mortgage rates was enough to cut off the spigot on refinances.
mortgage loan Rates Edging Higher
The MBA weekly report on mortgage applications noted a decrease in the group's seasonally adjusted composite index for the week ending October 31.
Mortgage refinances fall on higher rates
Even a small rise in mortgage rates was enough to cut off the spigot on refinances.