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 Demand Accelerated as Rates Fell in March
Rate lock dollar volumes were up 43 percent month over month nationwide in March, driven by seasonal tailwinds, falling interest rates and stronger purchase market performance according to a new report from real estate data company Black Knight.
