As the spring home-buying season kicks off, the 30-year fixed-rate mortgage experienced its most significant weekly drop since mid-September. This rate decrease enhances prospective homebuyers’ purchasing power, offering a compelling reason to act now. Furthermore, the lower rates are already benefiting some existing homeowners, creating opportunities for refinancing. Notably, the refinance share of mortgage applications climbed to nearly 44% this week—the highest level since mid-December.
According to Freddie Mac, this week, the 30-year fixed rate is down -0.13 basis points, bringing the U.S. weekly average to 6.63%. One year ago, the rate was 6.88%.
Are you still renting?
Now is the perfect time to take the leap into homeownership! With Blue Reef Mortgage, you’ll have a trusted partner to guide you through every step of the homebuying process. Starting with a free pre-approval—no cost, no obligation—we make it easy to turn your dream of owning a home into a reality.
Why wait? Build equity, create stability, and invest in your future today!
At Blue Reef Mortgage, we’re your one-stop shop for everything from pre-approval to home shopping and financing. Call us today! 561-831-8911 or email at contact@bluereefmortgage.com
Blue Reef Mortgage is your local mortgage broker offering low in-market rates and personalized service.
NMLS 1428917
Don’t wait—let’s get you prequalified today!
