Mortgage refinance rates dropped to a six-week low this week for the first time in a while. The 30-year fixed refinance average reached 6.47% according to new data. This marks the lowest rate in weeks, but a few lenders reported a jump to 6.6% on the same day. Refinance demand stayed weak despite the slight rate decline. Overall mortgage applications increased due to stronger homebuying activity. Reports from multiple sources show fluctuating movements in the market. While a source noted mixed rates, another highlighted the jump to 6.6%. Yet another confirmed the drop to 6.47%. Borrowers continue to see higher costs compared to previous years. Lenders remain wary as the market adapts to new conditions.