Wild swings in mortgage rates last week caused a rare surge in refinancing

Econ & Housing

An “Open House” sign at the Saratoga Homes Glendale Lakes community development in Arcola, Texas, on Tuesday, July 12, 2022.Mark Felix | Bloomberg | Getty ImagesAfter dropping at the end of July, mortgage rates moved higher on average again last week, but the daily moves were volatile. Mortgage demand was split, with gains in refinancing…

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