In Antioch and across Northern California, falling mortgage rates are sparking renewed interest from homeowners looking to refinance. According to the Mortgage Bankers Association, loan application volume rose for the second week in a row—mirroring the growing activity we're seeing locally.

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What's Moving the Needle?

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• Mortgage rates dipped for the third straight week, landing at 6.77%.

• More homes are hitting the market in Antioch and surrounding areas.

• Buyers now have better options—and more breathing room on payments.

• Refinance activity bounced back after a quiet few weeks.

 

What We're Seeing in Antioch:

 

Inventory in neighborhoods like Black Diamond, Lone Tree Estates, and Mira Vista is trending up, giving buyers more choices and softening some of the urgency that defined earlier months. Homes priced right are moving, and some sellers are adjusting list prices to stay competitive.

 

Still, Some Buyers Are Holding Back

 

Even with the rate drop and growing inventory, economic concerns are slowing a portion of the market. High home prices paired with inflation concerns are keeping some would-be buyers in wait-and-see mode.

But for buyers who've been watching Antioch closely, this could be the best opportunity in months to make a move or secure a better rate.

 

Quick Stats (National Context):

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• Total mortgage applications: +3.1% week-over-week

• Refinance applications: +5% (18% higher than this time last year)

• Purchase applications: +2%

• Refinance share of total activity: 41.5%

• Adjustable-rate mortgage (ARM) share: 8.5%

 

Local Takeaway:

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If you're in Antioch or anywhere in Northern California and have been waiting for rates to ease, this might be your window. Whether you're looking to move, downsize, or refi into a better loan—there's no harm in getting options on paper while the rates are on your side.