Overview
- ICE reports its 30-year fixed index at 6.17% in late October, lifting highly qualified refinance candidates to 1.7 million, the most since early 2022.
- Including all borrowers, 4.1 million are in the money to refinance, a pool ICE says could approach 5 million if rates reach roughly 6.125%.
- Rate trackers show averages around 6.0% to 6.2% for 30-year loans today, with Zillow citing 5.99% on November 10.
- $11.2 trillion in tappable equity is available entering Q4, averaging about $204,000 per homeowner, as HELOC rates in the low‑7% range reduce the monthly cost to withdraw $50,000 by more than $100.
- Lenders see new origination opportunities as prepayment activity rises and foreclosure starts increase year over year yet remain below 2019 levels.