With mortgage rates holding steady above 6.5%—the 30-year fixed now at 6.58%—we’re seeing a 2.2% dip in mortgage applications. Refinance activity dropped by 4% this week, though it’s still 8% higher than at this time last year. Purchase applications are down 1% from last week, yet up 5% annually. As someone who lives and works in our local lakefront communities, I know how shifts like these can shape your decisions, whether you’re looking to buy your dream home on the water or considering selling. My approach is always rooted in honest guidance and real understanding of what these trends mean for you and your next chapter.
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