According to CoinMeta, applications for home loans in the United States have rebounded, and mortgage rates have fallen for the fourth consecutive week, driving the largest increase in home loan applications since mid-April and bringing some signs of recovery to the sluggish real estate market. As of the week of November 6th, the interest rate for 30-year fixed-rate mortgage contracts dropped by 9 basis points to 7.21%. Borrowing costs, which were near a two-year high of 7.5% at the beginning of the month, have decreased by nearly 30 basis points, but for many Americans, loan costs are still too high. The home loan application index rose by 7.5%, and the refinancing application index rose by 4.5%, both showing increases for three consecutive weeks, although they are still close to the lowest levels since January 2025. Although the decline in mortgage rates is good news for the real estate market, rates may need to continue to fall to truly stimulate potential homebuyers to enter the market. The National Association of Real Estate Brokers will release October's data on completed home sales on Thursday, and the market expects the median number of completed home sales to drop to the lowest level since 2010.