Shane Hruby’s Post

Mortgage refinance demand surged 16% last week as mortgage rates dropped to their lowest level since May 2023! 📉🏡 Total mortgage application volume rose 6.9%, reaching its highest level since January. The average rate for a 30-year fixed mortgage fell to 6.55%, spurring both homebuyers and homeowners to act. Despite the dip in rates, purchase applications only saw a slight increase, as buyers may be waiting for potentially lower rates. 🌟 #MortgageRates #Refinance #HomeBuying #RealEstate https://hubs.li/Q02KqDlG0

Mortgage refinance demand surged 16% last week as mortgage rates dropped to their lowest level since May 2023! 📉🏡 Total mortgage application volume rose 6.9%, reaching its highest level since January. The average rate for a 30-year fixed mortgage fell to 6.55%, spurring both homebuyers and homeowners to act. Despite the dip in rates, purchase applications only saw a slight increase, as buyers may be waiting for potentially lower rates. 🌟 #MortgageRates #Refinance #HomeBuying #RealEstate https://hubs.li/Q02KqDRn0

Whether tracking the market as a seller or buyer, we should appreciate that the rate of mortgage applications has an inverse relationship to mortgage rates. That is as mortgage rates go down, mortgage applications will go up. With mortgage rates at current levels any easing brings buyers into the market. https://lnkd.in/eWuv-t7b #realestatemarket #mortgagerates #mortgageapplication #realestatetips

Whether tracking the market as a seller or buyer, we should appreciate that the rate of mortgage applications has an inverse relationship to mortgage rates. That is as mortgage rates go down, mortgage applications will go up. With mortgage rates at current levels any easing brings buyers into the market. https://lnkd.in/eVUkd4Dd #realestatemarket #mortgagerates #mortgageapplication #realestatetips

Not sure of this says more about the market for mortgage refinances with rates on the decline or about the number of people who have given up on home purchases due to affordability/availability. Either way... opportunities are are out there today for both borrower types. #nationalmi #mortgagelending #mortgageindustry https://lnkd.in/gfa8X4yW

Mortgage demand surges more than 10% as lower interest rates lure homebuyers Total mortgage application volume jumped 10.4%, compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.

Mortgage demand surges more than 10% as lower interest rates lure homebuyers Total mortgage application volume jumped 10.4%, compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.

Homebuyers rejoice! 🏠  Lowest mortgage rates in over six months as the market trends downward. 📉 Lowest Mortgage Rates in Over Six Months as Market Continues Downward Trend Read News In Detail @ https://lnkd.in/dG-r_nqW #MortgageRates #RealEstateNews #HomeBuying #HousingMarket #FinancialTrends #IndustryWorld 

🏡 Mortgage Refinance Demand Soars as Rates Hit Yearly Low 📉 Mortgage rates dropped to their lowest since May 2023, leading to a 16% surge in refinance applications last week! The average 30-year fixed rate fell to 6.55% from 6.82%. 🔹 Refinance Applications: +16% from last week, +59% from last year 🔹 Purchase Applications: +1% from last week, -11% from last year "Lower rates are enticing homeowners to refinance, but homebuying activity remains cautious," says Joel Kan, MBA. Stay informed on how these changes impact your home financing options! 🏠📊 #RealEstate #MortgageRates #HomeBuying #Refinance #HousingMarket #FinanceNews

With the mortgage refinance demand has surged to its highest level in two years as mortgage rates have dropped. We will start to see a positive shift in the housing market, potentially leading to increased consumer spending and economic growth.