You'll find mortgage applications have jumped 20.4% in just one week, marking the largest weekly increase since January. This surge comes as the average 30-year fixed-rate mortgage dropped to 6.73% from 6.88%. The lower rates have sparked a 37% rise in refinance applications and a 9% increase in purchase applications. Understanding these shifts in the mortgage landscape can help you make informed decisions about your homebuying or refinancing plans.
Weekly Mortgage Demand Surges 20% Higher, After Interest Rates Drop to the Lowest Since Last Year
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