Refinance Rates Holding Near 7-Week Low
Rates on 30-year refinance loans edged a single basis point higher Tuesday, nudging the average to 7.01%. Thanks to a four-day decline last week, the 30-year refi average sits near its cheapest level since a week before Christmas. Rates are still relatively elevated, however, after plunging in September to a two-year low of 6.01%.