Weekly mortgage refinance demand revives as interest rates fall to 7% week low

PUBLISHED WED, MAY 22 20247:00 AM EDT

By: Diana Olick

An aerial view shows a subdivision that has replaced the once rural landscape in Hawthorn Woods, Illinois.Scott Olson | Getty Images

Mortgage interest rates fell for the third straight week last week, sparking increased demand for refinances. Homebuyers, however, were not impressed.

Total mortgage application volume rose 1.9% compared to the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.LEARN MORE…

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