Home mortgage demand surges as rates drop to 6.35%

1 month ago 4

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There has been a spike in mortgage applications as interest rates have dropped to the lowest level since October 2024. Here, a home for sale in Alhambra, Calif., last month.

Rates saw the biggest one-week drop in a year, spurring a spike in new purchase and refinance applications.

(Image credit: Frederic J. Brown)

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