Rate-and-term refi locks jump 25.6% in May: Optimal Blue

Rate-and-term refinances rose 25.6% in May as mortgage rates trended down, according to a new report by Optimal Blue. The spike was a response to a modest drop in the 30-year conforming mortgage rate, which dropped to 6.8% on May 15 but ultimately ended the month at 7.02% on the Optimal Blue Mortgage Market Indices [...]read moreRate-and-term refi locks jump 25.6% in May: Optimal Blue