Mortgage refinance demand plunges 21%, as interest rates hit 3-week high

Mortgage refinance demand plunges 21%, as interest rates hit 3-week high

Mortgage demand fell last week, with refinancing leading the way due to higher mortgage rates. Homebuyers seem stuck in place despite changing rates.

US Mortgage Rates Rise, Stalling Nascent Recovery in Home Demand

US mortgage rates rose for the first time in five weeks, thwarting a budding recovery in housing demand and abruptly halting a recent flurry of home refinancing.

Mortgage Applications Today: Refinancing Drops 21% After Mortgage Rates Tick Up

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Mortgage Rates Rise Again for Second Straight Week - Channelchek

Mortgage rates have risen slightly for the second consecutive week, with the average 30-year fixed mortgage rate increasing from 6.30% to 6.34% as of early October 2025, according to Freddie Mac data. Despite this uptick, rates remain near the lowest levels seen throughout the year. This rise has led to a noticeable decline in refinancing demand, with refinancing applications dropping by about 21% week over week. However, mortgage applications f…