Business & Economy · 1 views

Mortgage refinance demand drops 18% as rates hit highest level since August

Mortgage rates rose to the highest level in nine months, hitting refinance demand hardest.

Source CNBC AI Summary Updated May 27, 2026

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Freshness Stale Updated May 27, 2026

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Read time 1 min ~26 words

AI Summary

Mortgage rates rose to the highest level in nine months, hitting refinance demand hardest. Homebuyers also pulled back but were still more active than last year.

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