Marketwatch: Greg McBride, senior financial analyst for BankRate.com, said in a radio interview that consumers are likely to see rates wavering, but not taking much of any trend for the foreseeable future. McBride noted that the Federal Reserve expects slower economic growth and inflation, and that the former typically leads to lower mortgage rates but the latter leads to higher rates. The mixed signals will keep rates directionless for months.

Forbes: Mortgage application volume fell 4.6 percent during the week ending May 23, according to the trade group Mortgage Bankers Association’s weekly application survey.

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Is it a refi renaissance? Or a fast-closing window of opportunity?...