Market Updates
3-Year High Mortgage Rate at 4.8%, Refinance Applications Plunge 60%
Brian Turner
30 Mar, 2022
New York City
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Mortgage rates continue to climb and 30-year rate reached a 3-year high to 4.8% last week from 4.5% in the week ahead, according to Mortgage Bankers Association. Total mortgage application volume declined 6.8% in the week and refinance applications plunged 60% from a year ago.
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