Borrowers hold off locking in mortgage rates for longer terms

Borrowers hold off locking in mortgage rates for longer terms

Mortgage rates may be near their trough in this cycle, but most borrowers are still not locking in rates for longer terms. There was a surge in the uptake of...

Mortgage Lock-In Effect Is Still Here, Confirms Data and Brokers

The latest Primary Mortgage Market Survey® from Freddie Mac found the 30-year mortgage rate is averaging 6.72%. For most prospective homebuyers, that rate is far too high to enter the market, according to the latest findings in Bankrate’s 2025 Mortgage Rates Sentiment Survey. “The spring 2025 home-buying season turned out to be historically slow, and… The post Mortgage Lock-In Effect Is Still Here, Confirms Data and Brokers appeared first on RIS…