"August was another rough month for mortgage borrowers from an interest rate perspective," said Andy Walden, VP of Enterprise Research and Strategy at Black Knight, now a part of ICE.
Read More »Rate-Lock Activity Fell for the Second Consecutive Month in July
According to Black Knight's latest Mortgage Monitor report, purchase locks fell 7.4% from June, while mortgage rates topped 7% in July for the first time since last fall. Click through to see the latest findings.
Read More »New Lock Data Reveals Strong Downturn in May MoM
According to Mortgage Capital Trading, rate/term refinance volume was down 21.88%, cash-out refinance volume was down 21.77%, and lock activity in total was down 15.87% in total compared to April.
Read More »Rate Lock Volumes Take a Hit
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 »Borrowers Taking Out More ARMs to Offset Rising Rates
Interest in jumbo and adjustable-rate mortgages is increasing as borrowers look for ways to offset inflationary pressure and higher interest rates.
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 »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 »Lock Volume Plummets Nationwide on Rising Rates
Black Knight, Inc. has announced the release of its latest Originations Market Monitor report, looking at mortgage origination data through August month-end. Leveraging daily rate lock data from the Black Knight Optimal ...
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