A refi wave is years away as mortgage rates settle at 7%
Housing Wire
OCTOBER 13, 2022
With mortgage rates surging to the 7% mark, industry observers believe that a new refi wave won’t return for several years. The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage surged 26 basis points from last week to 6.92%, a record-setting climb to its highest level since April 2002.
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