Mortgage refinance demand surged higher after interest rates dropped to the lowest level since last October. Adjustable-rate loans were also in high demand.
source https://www.cnbc.com/2025/09/17/mortgage-refinance-demand-spikes-nearly-60percent-as-interest-rates-drop-sharply.html
Mortgage refinance demand spikes nearly 60%, as interest rates drop sharply
September 17, 2025
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