Yesterday when looking at the latest MBA Mortgage Application data, we foundthat, as mortgage rates jumped to the highest level since 2011, mortgage refi applications, not unexpectedly tumbled to the lowest level since the financial crisis, choking off a key revenue item for banks, and resulting in even more painfor the likes of Wells Fargo.
Highest Mortgage Rates In 8 Years Unleash Bidding Wars, Home Buying Frenzy
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