Mortgage Applications Surge as Lower Rates Fuel Buyer and Refinance Activity

Mortgage demand is gaining momentum as lower interest rates and improved housing inventory encourage more buyers to enter the market. Purchase applications climbed 6.1% week over week and 10% year over year, while refinance activity surged 14.3% from the prior week. George Moorhead with Bentley Properties shares the latest market insights to help families make informed real estate decisions.