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Refinancing Boom May Be Ending

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Refinancing Boom May Be Ending

Business

Refinancing Boom May Be Ending

Refinancing Boom May Be Ending

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  • <iframe src="https://www.npr.org/player/embed/1387275/1387276" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

The Mortgage Bankers Association of America says refinancing applications fell by 2 percent last week, following a sharp, 33-percent drop the week before. Rising interest rates have made refinancing less attractive to many homeowners. That could create problems for the broader U.S. economy down the road. NPR's Scott Horsley reports.

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