However, in good news for buyers, mortgage rates averaged 6.38% in April, a full 17 basis points lower than was reported in March.
Read More »Supply of Government Mortgage Credit Slips for the Third Time in Four Months
“With the spring buying season underway, lenders are grappling with the threat of a recession and tighter overall financial conditions following the recent bank failures,” said Joel Kan, MBA’s VP and Deputy Chief Economist.
Read More »Rate Lock Volumes Rise 43% in March
Rate lock dollar volumes jumped 43% month-over-month in March, driven by seasonal tailwinds, falling interest rates, and stronger purchase market performance, according to Black Knight.
Read More »Home Price Growth Falls to Lowest Level in a Decade
Black Knight forecasts that the annual growth rate is expected to fall below zero percent nationwide by April.
Read More »Managing AI and ML in the Mortgage Space
A new white paper from Black Knight examines how artificial intelligence and machine learning has been subject to concern by regulators and other stakeholders, and how mortgage industry managers and executives can benefit from their usage.
Read More »Data Confirms Mortgage Demand Up; Rates Down
"Mortgage rates declined in January, continuing a trend that began in early November 2022," said Kevin McMahon, President of Optimal Blue, a division of Black Knight.
Read More »Borrowers Utilizing Rate Buydowns Trends Upward
According to new data from Optimal Blue, rate lock data showed moderate signs of an early-January rebound in purchase locks, while refis remain constrained despite a full percentage point rate decline since its October 2022 peak.
Read More »Mortgage Monitor: Rate Locks Drop to Five-Year Low
The latest Mortgage Monitor Report published by Black Knight revealed that, even amid typical seasonal downturns, rate lock volumes declined to record lows in year-end data.
Read More »Mortgage Monitor: Prices Offset by Stagnant Levels of Inventory
“We’ve now seen four consecutive months of home price pullbacks at the national level,” said Ben Graboske, President of Black Knight’s Data and Analytics Division.
Read More »Refinance Levels Hit Lows Last Seen in 2019
"With interest rates now at their highest level in 20 years, the refi market is rapidly approaching a bottom," said Scott Happ, President of Optimal Blue, a division of Black Knight.
Read More »