Source: CNBC
“Mortgage rates hovered around a four-year low last week, prompting more borrowers to refinance and more potential homebuyers to get off the fence. Total mortgage application volume rose 11% from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Last week, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $832,750 or less, was unchanged from the previous week at 6.09%, with points decreasing to 0.52 from 0.53, including the origination fee, for loans with a 20% down payment. That rate is the lowest since 2022. Last year that rate was 64 basis points higher.” (03/04/26)
https://www.cnbc.com/2026/03/04/weekly-mortgage-demand-surged-11percent-higher-last-week.html