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Business
Refinance demand is now half what it was a year ago, as mortgage rates rise again
Mortgage refinance demand has dropped to half of its previous year's levels as rising rates threaten San Francisco's real estate boom.
5 trends tracked about this subject — the full history, oldest to newest below.
Mortgage refinance demand has dropped to half of its previous year's levels as rising rates threaten San Francisco's real estate boom.
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Mortgage rates hit a 13‑month high at 6.71%, sparking debate over a possible climb above 7% as home prices set a new record.
US mortgage rates have climbed to 6.71 percent, marking the highest level recorded since July of 2025.
US mortgage rates have climbed to their highest level since the beginning of the war with Iran, putting pressure on home buyers and refinance seekers.