Refinance Applications Rise 5% as 30-Year Fixed Rates Dip to 6.61%

Refinance applications increased 5% for the week ending April 10, 2026. This is the first increase in over a month. The refinance share of all mortgage applications has reached 45.5%. These shifts follow a drop in the 30-year fixed refinance rate, which fell 8 basis points to 6.61%. The 15-year fixed refinance rate decreased 10 basis points to 5.62%. Conversely, the 5-year ARM refinance rate rose 9 basis points to 7.38%. Despite the recent uptick, overall refinance activity remains 15% lower than it was at this time last year.