Fri, Aug 5th, 2022 - 7:39am
March 09, 2022 - 8:15am | By Kyle Cornell
(Washington, DC) -- More borrowers are looking to refinance their mortgages following a drop in rates.
The Mortgage Bankers Association says demand for refinances rose nine-percent last week. An MBA economist pinned the decline in rates on the war in Ukraine which led to a drop in U.S. Treasury yields.
Meantime, applications for a mortgage so folks can buy a home jumped by nine-percent.