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 »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 »Ninety Percent of Liens Have an Interest Rate Below 5%
New data from Black Knight, Inc. has found that most mortgages have a rate below 5%, which reflects current drops in refinance activity, as well as cash-out and rate/term locks.
Read More »Home Price Growth Decelerates Sharply
The latest report from Black Knight did not carry good news as the company’s latest monthly Mortgage Monitor Report covering the month of June found that annual home ...
Read More »Report: Majority of Markets Experiencing Monthly Price Deceleration
Data showed that price growth had slowed in 97 of the top-performing 100 markets amid an environment of rising rates, and reflected the largest month-to-month price growth deceleration since 2006.
Read More »Optimal Blue Launches Investor Pricing Insight
Optimal Blue, a division of Black Knight, Inc. announced the release of Investor Pricing Insight, a benchmarking tool that makes real-time pricing available to wholesale and correspondent mortgage ...
Read More »Rate Locks Down 35% Year-Over-Year
The latest Originations Market Monitor from Black Knight Inc, shows another big slowdown in momentum in December as rate lock volumes fell across the board, driven by a 22.5% drop in purchase loan locks. The report leverages daily rate ...
Read More »Mortgage Coach Promotes Two to VP
Mortgage Coach has promoted Jacob Gibbs to the role of VP of Technology and Shannon Baldwin to VP of Marketing.
Read More »Rate Locks Down Nearly 5% Overall in November
The latest Originations Market Monitor from Black Knight Inc, shows a big slowdown in momentum in November as rate lock volumes fell across the board, driven by rate/term refinance originations dropping ...
Read More »Remote Work Drives Demand for Vacation Homes
Demand for vacation homes swelled during the coronavirus pandemic—surging as much as 172% in April—as many sought escape from cramped city life amid lockdown restrictions.
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