Mortgage Rate Dip: Refinance Surge, Buyer Hesitation

Mortgage rates just hit a one-month low, sparking a refinance frenzy, especially for conventional and FHA loans, while VA loans saw a surprising dip. Adjustable-rate mortgages are gaining traction as buyers seek affordability, even as purchase applications remain sluggish despite increased housing supply. But, rates have continued to fall this week, so buyers on the fence may be jumping back in.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.