Mortgage Rates Rise, Refi Demand Slumps by 18%
TL;DR Summary
Mortgage rates rose to 6.65% for 30-year conforming loans, pushing total mortgage applications down 8.5% for the week; refinance applications fell 18%, the lowest share of refinances since June 2025, while purchase applications slipped 0.4% and remained about 5% higher than a year ago.
- Mortgage refinance demand drops 18% as rates hit highest level since August CNBC
- Mortgage rates remain stuck at highest levels since August: Mortgage and refinance interest rates today, Thursday, May 28, 2026 Yahoo Finance
- Mortgage Rates Hit Fresh Nine-Month High WSJ
- US mortgage rate rises to nine-month high, worsening affordability again Reuters
- US Mortgage Rates Tick Up to 6.53%, Freddie Mac Says Bloomberg.com
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