A steady decline in mortgage rates to two-year lows has current homeowners rushing to take advantage of potential savings.
After dropping to a 28-year low the previous week, mortgage demand recovered slightly, even though interest rates marched higher
Still, borrowing costs are expected to increase in the coming weeks in anticipation of the Federal Reserve hiking interest rates to tame surging inflation
U.S. home sales in December had their biggest plunge since the early months of the Covid-19 lockdowns as listings sank to record lows