Party’s Over – Mortgage Refinancings Collapse Most In 6 Years Despite Falling Rates
by Tyler Durden
ZeroHedge.com
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
