Rate Locks Ticking Up As Mortgage Rates Fall
As mortgage rates fall, prospective homebuyers have been locking in rates when looking for a home while current homeowners have been scouting out refinances at the highest rate in nearly two years.
Mortgage Data Suggests Buyers Coming Back to Housing Market
Mortgage rate-lock data from analytics firm Optimal Blue suggests that, nationwide, prospective homebuyers are coming back to the market, setting the stage for another year of home-price increases.
Demand for Second Homes Takes Big Drop
Mortgage rate locks for second homes were down 52 percent from pre-pandemic levels on a seasonally adjusted basis across the country in March, according to a new report from Redfin.
Black Knight: Declines in Homebuying More than Seasonal Downturn
October saw homebuyers’ ability to afford a home tumble yet again according to separate data reports yesterday.
