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CNBC

After mini-boom, weekly mortgage refinance demand falls back 15%. Here's why.

CNBC
Summary
Nutrition label

79% Informative

30-year fixed rate has fallen 32 basis points in the past four weeks and is 81 basis points lower than it was at the same time last year .

Applications for a mortgage to purchase a home fell 5% for the week and were 8% lower than the same week one year ago .

Mortgage Bankers Association : Applications to refinance a home loan dropped 15% from the previous week .

VR Score

90

Informative language

93

Neutral language

90

Article tone

informal

Language

English

Language complexity

38

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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