Refinancing activity is primed for a surge — but not the way we’ve seen in the
past.
It used to be that when rates dropped, demand would stay high for weeks or even
months. Lenders had time to scale up operations and ride the wave. Now, demand
comes in short, sharp bursts, triggered by even the slightest rate drops.
Take April 2025 for example. Mortgage rates briefly fell to 6.61%, their lowest
point since October 2024. In just one week, refinance applications shot up 35%,
hitting their highest point in six months. The average loan size also jumped to
$399,600 — the second-highest ever recorded.
Unfortunately, details ⇒

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