Money
Significant Drop in Mortgage Refinance Demand Amid Rising Interest Rates
Recent geopolitical tensions have led to a notable increase in mortgage rates, resulting in a 19% decline in refinance demand, although buyer demand has shown some improvement.
Editorial Staff
1 min read
As of March 18, 2026, mortgage refinance demand has decreased by 19%, primarily attributed to rising interest rates influenced by ongoing geopolitical tensions, particularly the war with Iran.
The increase in interest rates raises concerns regarding inflation, which can further impact the housing market and refinancing activities.
Despite the decline in refinance demand, there are indications that buyer demand is improving, suggesting a complex interplay in the mortgage market dynamics.