Mortgage refinance demand surges even as rates cross back over 7%. Here's why

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 7.01% from 6.91%.

Mortgage refinance demand surges even as rates cross back over 7%. Here's why
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 7.01% from 6.91%.