Weekly mortgage rates at their highest since 2020 drop

Mortgage rates recently hit their peak since the drop that happened in November 2020. This has reduced the demand for refinance loan plans. The normal contract interest rate for 30-year fixed-rate mortgages saw a 2.92% boost in the previous week. The normal interest rate on 15-year fixed mortgages witnessed a 2.48% boost.   Increasing interest rates are reducing demand for loan refinancing As the interest rates increase, the loan refinancing market has witnessed a sharp reduction in demand. The... Read more