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Purchase Loan Locks Leap as Interest Rates Soar

Home buyers have rushed to set their loan rates in stone given how quickly the broader interest-rate environment is shifting. That according to a new monthly report from Black Knight.

lock g58d3f56cf 640Purchase rate lock activity rose 31% in February and is up almost 70% over the past three months.

That was enough to drive overall rate lock volume up 19% on the month.

Learn more about the report from Black Knight.

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