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Just PoliticsLeisure
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 "Applications to refinance continued their landslide"
Posted by grapebed on 5/20/22 5:42pm

CNBC
May 20, 2022


http://www.cnbc.com/2022/05/18/weekly-mortgage-demand-from-homebuyers-tumbles-12percent.html

"Applications to refinance a home loan continued their landslide, falling another 10% week to week. Refinance demand was 76% lower than the same week one year ago. Two years of record-low interest rates during the Covid pandemic incited a refinance boom which has now gone bust. There is simply a very small pool of borrowers who can now benefit from a refinance."

It is going to be a quiet summer/fall. Like a tsunami, many SS will be completely wiped out, never to return. With inflation approaching an annual rate of 10%, it makes no economic sense to take any signing below $140. Unfortunately, there's no shortgage of notaries who grovel to do a $65 signing from Notary Go. I don't get it.
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