from Kiplinger…Refinance activity is already down, now that the average interest rate on a 30-year fixed-rate loan has hit 4.44%. Expect refis to keep declining in popularity as rates keep rising and make refinancing a less attractive option. For the year overall, refis will make up on ly 30% of total mortgage originations… the lowest in 18 years.

Higher rates could weigh on home buying as more folks decide to stay put because their current mortgage has a lower rate than what they’d pay on a new loan.