Weekly mortgage refinance demand soars 16% as rates sink to lowest level in over a year

by anastasiakaufman-chime-me

Published Wed, Aug 7 20247:00 AM EDTUpdated An Hour Ago

By: Diana Olick

An aerial view shows a subdivision that has replaced the once rural landscape in Hawthorn Woods, Illinois.
An aerial view shows a subdivision that has replaced the once rural landscape in Hawthorn Woods, Illinois.Scott Olson | Getty Images

Mortgage interest rates dropped last week to the lowest level since May 2023, causing a surge in mortgage demand from both homebuyers and especially current homeowners.LEARN MORE…

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