Post #119 by WiltonKnight on the Macroeconomic Trends and Risks board

Personal Finance Topics / Macroeconomic Trends and Risks

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https://www.cnbc.com/2023/06/14/mortgage-demand-su...

"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!".

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