Party’s Over – Mortgage Refinancings Collapse Most In 6 Years Despite Falling Rates

Wednesday, May 1, 2019
By Paul Martin

by Tyler Durden
Wed, 05/01/2019

The party’s over. Despite a reversal of the modest rise in mortgage rates in early March, mortgage applications continue to collapse.

Overall, mortgage applications fell 4.3% on the week, following last week’s 7.3% plunge; but refis tumbled 5.0% on the week…

In fact this is the biggest four-week crash in refinancings since March 2013…

The Rest…HERE

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