Reef Eyes Reacting to lower rates Rates have fallen in three of the last four weeks and are now at the lowest level since September of 2017.

The average on the 30 year fixed with conforming loan balances dropped a 4.6% from 4.1 4% last week.

That's for loans with a 20% down payment, and that is 78 basis points lower than the same week one year ago.

So, of course, reef eyes reacted up 3% for the week, up 92% from a year ago.

Now you think everyone's re fight already.

But as home values rise, more people are actually eligible and can benefit from the refi, so they jump in.

Now.

Mortgage applications to buy a home were not nearly as impressive, down 1% for the week, still 9% higher than a year ago. 00:00:54.940 --> 00:01:6.350 Buyers, though, are still up against high prices and low supply of affordable homes and, you know, drop in a little economic uncertainty with the trade war, and it's making some people less up for that big investment in the home.