Mortgage rates shot higher last week, as the war with Iran stoked fears over inflation. That caused a major drop in refinance demand, but buyer demand improved.
source https://www.cnbc.com/2026/03/18/mortgage-refinance-demand-plunges-19percent-after-interest-rates-shoot-higher.html
Mortgage refinance demand plunges 19% after interest rates shoot higher
March 18, 2026
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Mortgage refinance demand plunges 19% after interest rates shoot higher
Housing Market