Black Knight’s Data and Analytics division released its monthly Home Price Index (HPI) report today that is based on March 2015 residential real estate transactions, revealing that home prices have seen their largest monthly gain since 2013.
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In their monthly Mortgage Monitor Report, Black Knight reports the number of potential refinance candidates currently sits at 7.1 million, a substantial increase form just 4.1 million potential borrowers in February 2014. However, Black Knight’s SVP of Loan Data Products, Trey Barnes, says that number is fragile. According to Barnes, any increases in mortgage rates could cause that number to drop, even marginally.
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