Assurance Financial branch manager Tracy Lussier says the numbers are nothing like her office has witnessed before.

The 10 year bond dropped below 1% which is crazy.

I haven't seen this happen since I've been in the business.

The opportunity to refinance for homeowners and lower their monthly payment is now, but it could also make a difference for those in the market looking to buy their first ever home. 00:00:51.410 --> 00:01:1.450 But maybe you were looking at a $150,000 a house last year, and this year you can afford a $175,000 house, so it puts you in a whole other bracket, Lussier says. 00:01:1.450 --> 00:01:8.270 she, like many other local mortgage lenders, are working around the clock to keep up with the amount of refinance applications. 00:01:8.590 --> 00:01:12.500 And she anticipates that a man not slowing down anytime soon.