Mortgage investors have been demanding higher yields because of fears of prepayment risk if the loans they're funding now are refinanced when rates fall
Rising rates took their toll not only on refinancing but on homebuyer demand for purchase loans in June, according to an analysis of rate lock data released Monday by Black Knight
Lenders saw much of what was left of their refinancing business evaporate as rates climbed to their highest levels in nearly 13 years
Falling mortgage rates have fueled boom in refinancing, but demand for purchase loans has slipped, according to data from Black Knight's July Originations Market Monitor report
Rates on jumbo loans are currently lower than conventional mortgages, but could surge higher in the months ahead
After pullback in rates, decline in refis 'seems to have more to do with borrower psychology'
Drop in purchase loan originations may be another sign the market is topping off