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Refinance applications rise to strongest level since April
CNBC Televisionยท 2025-08-13 18:14
Meanwhile, mortgage rates are on the move. Diana Ol has the details there. Diana.>> Well, John, rates continue to fall. The average on the 30-year fix dropped a little more today to 6.53%. That's the lowest since October.It had been holding in a very narrow range over the past several months, but appears to be pushing lower for now. Anyway, that is driving refinance demand. Those applications jumped 23% last week compared with the previous week.According to the Mortgage Bankers Association, that's the stron ...