Early Morning with Dave

Early Morning with Dave

What Is With This Mortgage Refinancing Craze?

Rising mortgage refinancing activity… with 7% rates?

David Rosenberg's avatar
David Rosenberg
May 24, 2024
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Highlights

  • Rising mortgage refinancing activity… with 7% rates?

  • Risk asset rally hits the pause button

  • Leading indicators point to lower Treasury yields

  • State level U-rate data say half the country is in recession

While We Were Sleeping

A 600-point down day in the Dow even with the blowout Nvidia results (the -1.5% decline was the worst drubbing since March 2…

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