Mortgage Rates Tick Up, Home Buying Surges
Update: 2025-11-26
Description
Mortgage rates slightly increased, but overall application volume remained stable. Home purchase applications surged by 8%, driven by buyers seeking affordable options. Refinance applications dropped by 6%, but are still 170% higher than last year due to low refinance numbers at this time last year. Mortgage rates have started to decrease again, likely due to holiday trading conditions.
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