Mortgage rates saw their biggest drop since mid-December, easing to 6.76% this week from 6.85% last week, per Freddie Mac. A year ago, they stood at 6.94%. ATTOM's report compared refinance loan data from the third to the fourth quarter of 2024 and found five cities with the largest quarterly increases in home loan refinancing. 5 cities with the biggest surge in mortgage refinancing due to lower rates: 1️⃣ Hilton Head, SC 2️⃣ Wilmington, NC 3️⃣ San Jose, CA 4️⃣ Buffalo, NY 5️⃣ San Francisco, CA