In a significant surge, lock volume in the mortgage industry witnessed a remarkable increase of 36% from December to January. This remarkable growth was bolstered primarily by a 38% rise in purchase lock volume, reflecting the seasonal trend observed during this period. The surge, indicating an upswing in mortgage activity, is indicative of a flourishing housing market and increasing consumer confidence in the sector.
Key points:
– Lock volume experienced a substantial 36% increase from December to January.
– The surge in lock volume was driven by a significant 38% growth in purchase lock volume.
– This rise in lock volume signifies a positive and active housing market.
– The increase in lock volume suggests a boost in consumer confidence regarding mortgage investments.
You can read this full article at: https://www.housingwire.com/articles/surging-lock-volume-may-hint-at-stabilization-of-the-housing-market-optimal-blue/(subscription required)
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