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

Monday, August 4, 2025

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…

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