{"id":23,"date":"2026-10-07T12:00:00","date_gmt":"2026-10-07T12:00:00","guid":{"rendered":"http:\/\/blogs.room-vu.com\/transcendrealestateutah-com\/2026\/10\/07\/refinancing-fades-as-home-equity-surges\/"},"modified":"2026-10-07T12:00:00","modified_gmt":"2026-10-07T12:00:00","slug":"refinancing-fades-as-home-equity-surges","status":"publish","type":"post","link":"https:\/\/www.transcendrealestateutah.com\/blog\/2026\/10\/07\/refinancing-fades-as-home-equity-surges\/","title":{"rendered":"Refinancing Fades as Home Equity Surges"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\" src=\"https:\/\/www.roomvu.com\/agent\/embed\/rosilee-s-lawson-1981109\/mortgage-equity-refinancing-remotion-videos-7d98\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>Lately, I\u2019ve noticed a shift in how homeowners are tapping into their property\u2019s value. With mortgage rates climbing near 7% by late Q3\u2014after the central bank nudged its rate to around 4%\u2014many who locked in lower rates earlier are finding refinancing less practical. In fact, refinance applications dropped about 9% in just one week, while purchase requests dipped by only 1%, and overall mortgage demand slid 4%. Refis made up roughly 39% of all mortgage applications at that point. Over the three months leading into mid-Q3 2026, one industry index showed refi inquiries dropping sharply to about 2%, compared to 39% the previous year. Meanwhile, home equity products surged to 76% of inquiries.<\/p>\n<p>What stands out to me as a broker working across Northern Utah is how more clients are exploring home equity lines and loans instead of refinancing. Mid-Q3 inquiry volume for equity products jumped 11% month-over-month and more than 150% compared to the previous year. With the gap between new and existing 30-year mortgages exceeding one percentage point\u2014translating to about $333 more per month on a $400K loan\u2014it\u2019s easy to see why homeowners are weighing their options carefully.<\/p>\n<p>Builder sentiment has also softened, with its index at the lowest since 2025, and the 10-year Treasury yield topping 5%, keeping mortgage rates on everyone\u2019s mind. If you\u2019re weighing whether to refinance, tap home equity, or make a move, I\u2019m always here to help you sort through the possibilities and find the best fit for your goals.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Lately, I\u2019ve noticed a shift in how homeowners are tapping into their property\u2019s value. With mortgage rates climbing near 7% by late Q3\u2014after the central bank nudged its rate to around 4%\u2014many who locked in lower rates earlier are finding refinancing less practical. In fact, refinance applications dropped about 9% in just one week, while [&hellip;]<\/p>\n","protected":false},"author":497,"featured_media":24,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-23","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.transcendrealestateutah.com\/blog\/wp-json\/wp\/v2\/posts\/23","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.transcendrealestateutah.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.transcendrealestateutah.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.transcendrealestateutah.com\/blog\/wp-json\/wp\/v2\/users\/497"}],"replies":[{"embeddable":true,"href":"https:\/\/www.transcendrealestateutah.com\/blog\/wp-json\/wp\/v2\/comments?post=23"}],"version-history":[{"count":0,"href":"https:\/\/www.transcendrealestateutah.com\/blog\/wp-json\/wp\/v2\/posts\/23\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.transcendrealestateutah.com\/blog\/wp-json\/wp\/v2\/media\/24"}],"wp:attachment":[{"href":"https:\/\/www.transcendrealestateutah.com\/blog\/wp-json\/wp\/v2\/media?parent=23"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.transcendrealestateutah.com\/blog\/wp-json\/wp\/v2\/categories?post=23"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.transcendrealestateutah.com\/blog\/wp-json\/wp\/v2\/tags?post=23"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}