Refinance activity fell 3% in the week ending September 10, even as overall mortgage activity rose a modest 0.3%, according to the Mortgage Bankers Association.
In fact, refi applications were at their slowest pace since July, according to the MBA.
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Demand for mortgage refinance loans has kept dropping, despite mortgage rates that continue near historically low levels. So reports Moneywise.
Refinance activity fell 3% in the week ending September 10, even as overall mortgage activity rose a modest 0.3%, according to the Mortgage Bankers Association.
In fact, refi applications were at their slowest pace since July, according to the MBA.