Mortgage Applications Responded to Lower Rates, But Things Are Already Changing

Mortgage applications jumped sharply last week, driven by lower rates and a rebound in refinance activity. According to MBA’s Weekly Applications Survey for the week ending October 24, total volume rose 7.1% on a seasonally adjusted basis and 7% unadjusted. The Refinance Index increased 9% from the

Mortgage Rates Hit Lowest Level in Over a Year

The rate on 30-year mortgages dropped to 6.17% from 6.19% last week, while the rate on 15-year mortgages fell to 5.41% from 5.44%, Freddie Mac said.

Florida Realtors Strengthens Japan Connection

Pres. Weisheyer met with the Japan-America Real Estate Coalition in Tokyo this week – the agreement opens more opportunities for Realtors in both countries, he says.

Fed Chair Cautious on December Rate Cut

Jerome Powell said another rate cut at the Fed’s December meeting “is not a foregone conclusion,” citing uncertainty from the shutdown and mixed data.