Purchase 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.
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MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.
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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.
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