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"Surging Demand for Mortgage Refinance Despite Rates Crossing 7%: Experts' Forecasts and Future Expectations"

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Source: CNBC
"Surging Demand for Mortgage Refinance Despite Rates Crossing 7%: Experts' Forecasts and Future Expectations"
Photo: CNBC
TL;DR

Mortgage refinance demand surged 10% despite rates crossing back over 7%, as homeowners rushed to lock in savings amid concerns of further rate increases. Meanwhile, applications for home purchases fell 5% as inventory remained low and prices continued to rise. Investors are closely watching the upcoming consumer prices report, which could impact mortgage rates.

Topics:businessfinance#consumer-prices#federal-reserve#finance#housing-market#interest-rates#mortgage-refinance
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  1. Mortgage refinance demand surges even as rates cross back over 7%. Here's why  CNBC
  2. How far will mortgage rates fall when the Fed cuts rates? Here's what experts say  CBS News
  3. Where forecasters expect mortgage rates through 2025  Fast Company
  4. Today’s mortgage interest rates – April 10, 2024  CNN Underscored
  5. Mortgage rates today, April 10, 2024: Don't hold out for lower rates  Yahoo Finance

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