Mortgage refinance rates fell below 6.5% this week for the first time in a while. The 30-year fixed refinance average reached 6.47% according to new data. This marks a decline, but some lenders noted a jump to 6.6% on the same day. Refinance demand stayed weak despite the slight rate decline. Overall mortgage applications rose due to higher homebuying activity. Reports from multiple sources show mixed 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 earlier years. Lenders remain wary as the market adjusts to new conditions.