In Spite Of Rate Drop In November The Rate Lock Volume Drops By 68 Percent

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In: New Home Mortgage News

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Despite the Federal Reserve’s efforts to curb inflation, mortgage rates fell in November, but low-interest rates weren’t enough to convince homebuyers to lock up their mortgages in the market due to high volatility. Dollar-specific volume fell 21.5% month-on-month in November,Continue Reading

Mortgage Rate Increase Results In Rate Locks To Dip 60 Percent From Last Year

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In: Mortgage News

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As mortgage rates rose more than 90 basis points to 6.72% through September, the total interest rate lock is expected to be 10% lower than in August and about 60% down than in 2021. The drop in dollar trading volumeContinue Reading