U.S. MORTGAGE REFINANCE DEMAND SURGES BY 20 PERCENT

Highlights

• There is an increase of 16.7 percent in the Market Composite Index, while a jump of 20 percent in the Refinance Index

• This increase of 20 percent in the Refinance Index was the highest level seen witnessed since last March, with the volume being 93 percent higher than what it was in the year 2020

As per the Weekly Mortgage Applications Survey released by the Mortgage Bankers Association (M....