Axios
The number of Americans applying for a mortgage hit its highest level since January 2023 last week, while the number of refinance applications surged to a level not seen since May 2022.
The number of Americans taking out new mortgages is still extremely low — but at least it’s growing.
Lower long-term interest rates means lower mortgage rates, and an opportunity for folks who took out expensive mortgages to see a little bit of relief on their monthly payments.
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