Mortgage demand plummets as rising rates scare away homebuyers

Purchase and refinance applications both declined last week: MBA
Homebuyers resurface as mortgage demand gains steam

Applications for purchases and refinances both increased heading into the July Fourth holiday
Refinancing helps lift June’s rate lock volume: Optimal Blue

Lenders were busy with rate-and-term refinancing in June
Mortgage applications gain momentum with second straight weekly increase

Refinances jumped as the 30-year rate dipped below 6.8%
Mortgage demand bounces back after three straight weeks of declines

Both purchase applications and refinances increased last week: MBA
May mortgage activity underwhelms as affordability tightens: Optimal Blue

Rate-and-term refinances plunged 44.4% last month
Mortgage applications fall for the third consecutive week

Potential borrowers continue to ‘hold out for larger rate drops’: MBA
HELOC withdrawals surge as owners tap into record home equity levels

Homeowners had $11.5 trillion of accessible home equity heading into the second quarter