Homeowners dash to refinance as mortgage rates dive, with buyers coming off the sidelines
1. Mortgage rates fell to 6.49%, highest demand since 2022. 2. Overall mortgage demand rose 9.2%, driven by refinancing and purchases. 3. Lower rates motivate homeowners to refinance and buyers to enter the market. 4. Three million mortgages from 2022 may benefit from refinancing opportunities. 5. Falling rates across all loan types boost housing market activity.