21 Apr Mortgage Activity Picks Up
Mortgage activity is picking up as rates continue to ease.
Recent data shows the average 30-year mortgage rate has dipped to 6.42%, driving a 5% increase in refinance applications week over week. While purchase activity saw a slight dip, lower rates could continue to bring buyers back into the market as we move further into the spring season.
For buyers, sellers, and investors alike, shifts in rates like these can create new opportunities.