Mortgage refinance demand surges 27%, as interest rates drop for the third straight week

Published Wed, Dec 11 20247:00 AM ESTUpdated Wed, Dec 11 20248:13 AM EST

By: Diana Olick

watch nowVIDEO01:42Mortgage refinance demand surges 27%, as interest rates drop for the third straight week

Mortgage rates fell again last week, and while the drop wasn’t huge, it was enough to spur current homeowners to look for some savings. The surge in refinances was behind a 5.4% increase in total mortgage demand compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. LEARN MORE…

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