🏙️ Wall Street Wednesday: Rates, Refis & Real Estate Moves
Mortgage rates just hit fresh lows, refi applications are surging, and inventory is rising — tune into today’s update for the mid-week pulse on housing and finance.
30-year fixed mortgage rate (purchase): ~6.62%
30-year fixed refinance rate: ~6.78%
15-year fixed refinance rate: ~6.12%
The 10-year Treasury yield eased to about 4.30%, down from earlier in the week.
Markets are watching Jerome Powell’s Jackson Hole speech this Friday, with expectations for hints on rate cuts, though inflation remains a concern.
Mortgage Applications: Refinancing activity surged 23% week-over-week. ARM…
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