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Home Refi Activity Plummets As Mortgage Rates Hit 9-Month Highs
Home Refi Activity Plummets As Mortgage Rates Hit 9-Month Highs
Refinancing activity in the U.S. housing market plummeted last week as mortgage rates hit their highest level in nine months, new industry data released on May 27 show.
Refinancing decreased by 18 percent for the week ending May 22 and is up by 19 percent from the same time a year ago, according to the Mortgage Bankers Association.
“Many borrowers understandably backed away from refinancing last week,” Joel Kan, the firm’s vice president and deputy chief economist, said in a statement.
The decline...
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May 17, 2026 / Kyle Anzalone
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Operation Epic Fury: Trump Says Could Last Four Weeks As Chaos Breaking Loose In Mideast
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Summary:
Trump on Iran ops: “We have hit hundreds of targets including Revolutionary Guard facilities, air defense systems, nine ships, and naval buildings.”
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Here We Go Again: Taiwan Raids Super Micro In AI Chip Probe
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Taiwan has intensified its efforts to stop advanced AI hardware from reaching China, carrying out raids at the local offices of Super Micro Computer and several businesses connected to an investigation into the movement of servers equipped with NVIDIA chips, according to Bloomberg.
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