Mortgage rates dip two weeks in a row, refinancing demand up

Mortgage rates have experienced a notable dip, dropping about a quarter of a percent in the last two weeks. This marks the second consecutive week of declining mortgage rates, signaling a potential shift in the housing market.

Yahoo Finance Housing Reporter Dani Romero discusses how these rate movements could benefit homebuyers, while homebuilder Lennar (LEN) warns about customers’ debt-to-income ratios.

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Editor’s note: This article was written by Angel Smith