Rates have dipped after a recent uptick, which was enough to push refinance volume 14% higher last week and 133% higher than one year ago. If you missed your chance last time, don’t hesitate! Grab your opportunity to refinance now.
Weekly mortgage refinance applications rebound 14% on tiny rate dip
“The rate reversal was enough to push refinance volume 14% higher for the week and 133% higher from one year ago. The gain may have been less about the tiny dip and more about borrowers seeing rates move higher in the previous weeks and worrying that they would miss out on the lowest rates. Lenders say they often see more refinance applications just as rates start to rise, because borrowers who had been waiting for rates to move even lower decide to get off the fence.”