Mortgage refinance demand jumps to highest level since October, but homebuyers pull back again

by anastasiakaufman-chime-me

Published Wed, Feb 12 20257:00 AM ESTUpdated Wed, Feb 12 20257:36 AM EST

By: Diana Olick

Patchogue, N.Y.: A For Sale sign hangs in front of a house in Patchogue, New York, on June 1, 2024.

Patchogue, N.Y.: A For Sale sign hangs in front of a house in Patchogue, New York, on June 1, 2024.Steve Pfost | Newsday | Getty Images

Mortgage rates moved slightly lower again last week, keeping refinance demand on the rise.

Applications to refinance a home loan jumped 10% compared with the previous week and were 33% higher than the same week one year ago, according to the Mortgage Bankers Association’s seasonally adjusted index. That came after a 12% gain the previous week.LEARN MORE…

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