Average mortgage refinance rates have been volleying between 6.5% and 7% as fears of both higher inflation and an economic slowdown play tug-of-war with financial markets.

Average mortgage refinance rates have been volleying between 6.5% and 7% as fears of both higher inflation and an economic slowdown play tug-of-war with financial markets.

Refinance rates for 30-year loans dropped another 5 basis points Thursday, falling to a 7.04% average. That's now a four-day retreat of 16 basis points, which reverses last week's surge and leaves ...