Reported about 7 hours ago
This week, mortgage rates fell to a new low of 6.63% as economic uncertainty escalated due to recent tariffs and disappointing economic indicators, leading to heightened fears of a recession. The drop spurred a 37% increase in refinancing applications and a 9% rise in purchase applications, as prospective buyers found improved purchasing power. The situation is fluid, with future Federal Reserve actions and economic data potentially influencing rates in the coming weeks.
Source: YAHOO