Mortgage Lock Volumes Jumped 7% Last Month

Mortgage Lock Volumes Jumped 7% Last Month

ByTMN Editor Reading Time: 2 minutes

Mortgage rate lock volumes jumped nearly 7% in May despite rates moving very little. Mortgage Capital Trading’s (MCT) latest report revealed that mortgage lock volume increased 6.78% month-over-month in May. Rates have been the primary influence on mortgage activity this year. MCT says the industry is monitoring economic data to see what decisions the Federal…

Second Home Rate Locks Hit All-Time High In 2021
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Second Home Rate Locks Hit All-Time High In 2021

ByTMN Editor Reading Time: 2 minutes

The percentage of second home mortgage rate locks reached its highest recorded level in Q1 2021, dipping slightly in Q2 and Q3 before jumping back up at year-end, according to Pacaso’s Second Home Market report. Second home locks made up 5.7% of all mortgage rate locks in Q1 2021, a record high. They dropped slightly…

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