【CNBC】Mortgage refinance demand plunges 21%, as interest rates hit 3-week high

• The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $806,500 or less, increased to 6.46% from 6.34%
• Applications to refinance a home loan fell 21% for the week and were 16% higher than the same week one year ago.
• Applications for a mortgage to purchase a home dropped 1% for the week and were 16% higher than the same week one year ago.

READ MORE