«Mortgage rates on 30 - year loans have increased 50 basis points since the week prior to the election, hitting their highest level since October 2014, and
causing refinance application volume to dip 28 percent to a new low for the year,» said Mike Fratantoni, MBA's chief economist.
Just be wary of submitting
refinancing applications constantly, as all of those inquiries on your credit could
cause your credit to take a hit.