Boston Rate-Lock Volume Jumps in June
An extra pulse of hopeful Boston-area homebuyers moved to lock in mortgage rates last month before going house-hunting, new data shows.
An extra pulse of hopeful Boston-area homebuyers moved to lock in mortgage rates last month before going house-hunting, new data shows.
A recent study backs up the conventional wisdom that rising mortgage rates locked existing homeowners into their current homes, and reveals important new details.
Before President Donald Trump set off fears of a financial crisis with his broad international tariffs last week, it seemed like homebuyer demand was on the upswing in the Boston area.
As mortgage rates fall, prospective homebuyers have been locking in rates when looking for a home while current homeowners have been scouting out refinances at the highest rate in nearly two years.
Mortgage data provider Optimal Blue said mortgage refinancing saw a boost in December both nationwide and in Greater Boston as mortgage interest rates dropped from 20-year highs in the fall.
A new report out Tuesday shows surprising and potentially worrisome data points: single-digit percentage declines in the statewide and Greater Boston median home sale prices.
New data from real estate data firm Black Knight shows that Boston-area residents are still raring to jump into the housing market, despite huge shortages in housing inventory and record-high prices.
While mortgage rate-lock volumes increased nationwide for the first time in nine months, volumes remained down compared to 2022.
Back in the summer of 2017, federal regulators finalized a significant set of updates to the TILA-RESPA Integrated Disclosure rules.