✉news BusinessReal Estate first seen 1 d ago, last 12 h ago, peak #16

Refinance Rates Fall Below Purchase Mortgage Rates

Original: Today’s Mortgage Rates, October 5: Refinance Rates Drop Below Purchase Rates

Mortgage rates published for October 5 show refinance rates dropping below purchase rates, an unusual gap in the US housing market. Borrowers looking to refinance may find better deals than those buying a home, which could prompt homeowners with older, higher-rate loans to revisit refinancing while purchase buyers face comparatively higher costs.

Why now: A reversal in the usual relationship between refinance and purchase rates is notable for borrowers deciding whether to act now.

Norada Real Estate InvestmentsUS mortgage market

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• Today’s Mortgage Rates, October 5: Refinance Rates Drop Below Purchase Rates · Norada Real Estate Investments

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