Here is a link to recent story in the Axios Newsletter
https://www.axios.com/2022/05/11/mortgage-refinancing-boom-winds-down
Here is the money-quote:
The New York Fed's quarterly report on consumer debt and credit, out yesterday, showed a sharp drop in mortgage refinancing activity.
- Originations of refi loans fell 15%, to $424 billion, in the first quarter.
- Refi loan originations are down 40% from the first quarter of 2021.