Mortgage refinance rates dropped to a six-week low this week for the first time in over a month. The 30-year fixed refinance average reached 6.47% according to new data. This marks the lowest rate in weeks, but some 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 higher homebuying activity. Reports from multiple sources show fluctuating movements in the market. While one tracker noted mixed rates, another highlighted the jump to 6.6%. A third confirmed the drop to 6.47%. Borrowers continue to see higher costs compared to previous years. Lenders stay cautious as the market adjusts to new conditions.