refinance demand slump
5% Surge in Mortgage Rates Slashes Refinancing Savings
5% Surge in Mortgage Rates Slashes Refinancing Savings A 5% surge in mortgage rates can erase the benefits of refinancing, costing families roughly $1,200 per year in missed savings. The effect is most pronounced when rates climb above the 5% sweet spot that historically drove refinance activity. Financial Disclaimer: