Increased Refinancing Boosts Mortgage Demand In 2023
- Seattle, Portland, San Francisco
- 2023/01/26
There was a slight increase in mortgage demand in W1 2023, driven primarily by refinancing activity. The refinancing index ↑ 5.1% WoW at that time. However, the purchase index ↓ 0.5% WoW to the lowest level since 2014. Homeowners are looking to take advantage of low interest rates to save money on their mortgages.
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