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Weekly mortgage refinance demand is down more than 40% in a month
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Weekly mortgage refinance demand is down more than 40% in a month

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Mortgage demand from both homeowners and potential homebuyers is dropping due to higher mortgage rates and concern over the war with Iran.

Mortgage rates moved even higher again last week, as the war with Iran continues to stoke fears of inflation. As a result, total mortgage application volume fell again, down 10.4% from the previous week, according to the Mortgage Bankers Association'... [1989 chars]

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Source: CNBC

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