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First Time Homebuyer, Buying a Home, Buying Tips, Mortgage, Re-location, Sellers Market, Buyers Market, Supply and Demand, The Real Estate Market, Selling TipsPublished January 14, 2026
🏡 Mortgage Demand Surges Nearly 30% as Rates Fall, What It Means for Buyers & Sellers
Mortgage demand jumped 28.5% last week as mortgage rates dipped, sparking a surge in home purchase and refinance activity. Even a brief drop below 6% for 30-year fixed mortgages motivated buyers and homeowners to act fast.
Why it matters:
- Homebuyers can lock in more affordable monthly payments.
- Homeowners can save by refinancing existing loans.
- Sellers may see more competitive offers as buyer activity increases.
Refinance applications rose 40%, and home purchase applications climbed 51%, signaling a strong desire to take advantage of lower rates before they rise again.
Local impact: In Long Island, NYC, and surrounding areas, this trend could mean faster sales and more competition for homes — especially for well-priced listings.
💡 Tip: Whether buying, selling, or refinancing, working with a trusted local agent can help you move quickly and make the most of today’s market.
Ready to make a move? Contact us at AaronBatesRealEstate.com to navigate the market with confidence.
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