Mortgage applications drop 9.7% despite lower rates
Refinance activity rose sharply year‑over‑year while weekly volumes fell; mortgage rates eased to 6.25%, increasing refinance share to 56.6% of applications.
Mike Vough on borrowers staying rate anchored into 2026
Refinance activity declined in February as rates hit 5.9%, a psychological barrier, while ARM popularity increased to 10%, supporting purchase activity through lower effective rates.
Mortgage applications jump 11%, refinances lead the gains
Mortgage applications surged driven by refinance strength and lower rates near 2022 lows, with purchase applications also rising nearly 10% year-over-year.
Mortgage applications jump 11%, refinances lead the gains
Mortgage applications surged driven by refinance strength and lower rates near 2022 lows, with purchase applications also rising nearly 10% year-over-year.
