According to the article, rate lock volume jumped 43%, reflecting a rate sensitive market. This means that more people are locking in their mortgage rates, indicating that they are ready to buy a home. This is likely due to the low mortgage rates that are currently available. The article goes on to say that this increase in volume is good news for the housing market, as it shows that people are interested in buying homes.
You can read this full article at: https://www.housingwire.com/articles/rate-lock-volume-jumps-43-reflecting-a-rate-sensitive-market/(subscription required)
Note Servicing Center provides professional, fully compliant loan servicing for private mortgage investors so they can avoid the aggravation of servicing their own loans and just relax and get paid. Contact us today for more information.
