Latest / Mortgage Research Network Podcast
Refi Frenzy: Surging 18% as Rates Dip to 6.5%
A weak jobs report sent mortgage rates tumbling—and refinance applications soared 18% year-over-year. In this episode, Tim Lucas and Craig Berry break down the data driving the latest refi rush and what it means for your wallet. You’ll learn:Jobs vs. Rates: How just 73K July jobs (vs. 100K expected) and a massive 258K downward revision sent average rates to 6.77%, sparking three straight weeks of declinesRefi Resurgence: Why refinance volume now accounts for 42% of all mortgage applications—the highest share since April—and what that surge reveals about homeowner behaviorEconomic…
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