Mortgage Refinance Hits Lowest in 22-Years as Interest Grows to 6.52% from 6.25%

Per CNBC

Mortgage refinances hit their lowest in 22 years as interest rates rose from 6.25% to 6.52% for mortgages with $647,200 or less in loan balances.

Mortgage applications were 29% lower year-over-year as 30-year mortgage plans reached 7.08%, the highest rate in almost 20 years..