Article: Refinancing Boom Seen Threatened by Rise In 30-Year Treasuries (interest rates)

No one thinks that the mortgage origination environment is about to turn into a wasteland, but with interest rates edging upward, some think April could be a crueler month.

Many lenders enjoyed record origination volume in February, and refinance applications continued to flow in, indicating that March could be another standout month.

But rates on the 30-year Treasury bond have inched up in recent weeks and are now above 6% for the first time since December, leading some to predict an end to the refinancing boom.

"We're expecting a strong closing month in March but think there could be some tapering off commencing in April," said Robert H. Warrington, ...

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