Homebuyer Demand for Mortgage Eases at the End of a Record Year

What was expected to be a mundane year in the mortgage market was anything but: A sharp downturn in demand for housing at the start of the pandemic took a hairpin turn and just kept rising, and the average rate on the popular 30-year fixed mortgage set no less than 15 record lows.

Low rates continue to fuel refinance volume, which rose 4% the week before Christmas, and was a stunning 124% higher than a year ago. Read the news analysis from CNBC.