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 a decline, but a few lenders reported a jump to 6.6% on the same day. Refinance demand dropped further 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, a different report highlighted the jump to 6.6%. A third confirmed the drop to 6.47%. Borrowers still face higher costs compared to previous years. Lenders remain wary as the market adjusts to new conditions.