Kenneth Nelson - NMLS #664151

Happy Memorial Day! 🇺🇸🇺🇸🇺🇸

Nelson's Nuggets - Market Trends

2026 Opening up with positive market movement.

Mortgage applications rise 28.5%
Mortgage demand rose sharply last week as consumers returned from the holidays to find lower overall interest rates. Total mortgage application volume jumped 28.5% from the previous week (adjusted for the holiday), according to the MBA’s seasonally adjusted index.

• For the whole week, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($832,750 or less) decreased to 6.18% from 6.25%.

• Applications for home purchase mortgages increased 16% for the week and were 13% higher than a year ago.

• Refinance demand surged 40% for the week and was 128% higher than the same week a year ago.

Rates continue to ease lower. If you are looking for a refinance, call me today for a free mortgage analysis and rate quote.

If you are looking to / considering buying a new home, contact me today for a free pre-approval and to discuss any scenarios.

Kenneth Nelson
843-687-0739
[email protected]
NMLS 664151