Live Updates > Live Update Details
2025-09-17 19:20:25
[Expectations of a Rate Cut Explode! US Mortgage Refinancing Volume Soars to a Three-Year High] ⑴ Last week, the interest rate on 30-year mortgage contracts in the US fell 10 basis points, reaching its lowest point in nearly a year. This decline in interest rates directly stimulated a surge in refinancing volume, with data from the Mortgage Bankers Association showing that its refinancing activity index has climbed to its highest level since early 2022. ⑵ The home loan application index also rose, and the overall mortgage activity index hit a more than three-year high. Three consecutive weeks of falling interest rates have provided new momentum to the previously sluggish real estate market. ⑶ The market generally expects the Federal Reserve to begin a cycle of rate cuts in the coming months. Continued declines in mortgage rates are expected to reignite homebuyer demand and encourage more homeowners to list their homes, further invigorating the real estate market.
