The Refinancing Frenzy Hits a Wall: How a Sudden Rate Spike is Reshaping the Housing Market
Introduction A financial windfall for homeowners has slammed into a stark new reality. For weeks, a tantalizing drop in mortgage rates triggered a stampede of refinancing applications, offering millions a chance to slash monthly payments. That gold rush, however, appears to be over as abruptly as it began, with lenders now scrambling to adjust to…
