Mortgage refinance demand drops further, despite homeowners sitting on $17 trillion in equity

by anastasiakaufman-chime-me

PUBLISHED WED, JUL 10 20247:00 AM EDTUPDATED 5 HOURS AGO

Thianchai Sitthikongsak | Moment | Getty Images

The recent run-up in home prices, a staggering increase of more than 40% from pre-pandemic levels, should have current homeowners rushing to refinance. But for most, pulling that cash out simply costs too much now that interest rates are more than twice what they were just two years ago.LEARN MORE…

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