Refi applications plunge 30%

Demand at 7-month low

Get smarter. Grow your referral network at Inman Connect San Francisco
Limited seating still available, July 17-20

Applications for mortgage refinancings fell 30 percent last week to their lowest level since November, the Mortgage Bankers Association said.

The MBA’s Weekly Mortgage Applications Survey for the week ending June 26 also showed a seasonally adjusted drop of 4.5 percent from the previous week.