refinance – NewsNow

Refinance demand is 81% higher than it was a year ago, thanks to falling mortgage rates

October 22, 2025 by DON

An aerial view of residential homes, many with solar panels, on Sept. 17, 2025 in Fontana, California. Mario Tama | Getty Images Mortgage rates last week dropped to the lowest level in a month, pushing more borrowers to refinance. Potential homebuyers, however, were not as enthused. The average contract interest rate for 30-year fixed-rate mortgages … Read more

Mortgage refinance demand plunges 21%, as interest rates hit 3-week high

October 1, 2025 by DON

A brief roller coaster ride for mortgage rates caused yet another swing in demand. After dropping to a three-year low two weeks ago, rates then shot right back up again. As a result, total mortgage application volume dropped 12.7% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. … Read more