Strong labor market and consumer confidence bolster economic resilience, but homeowners' show reluctance to relinquish low mortgage rates.
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Tagged: Mortgage Rate Locks
Economy Weathers Volatility Amidst Record-High Mortgage Rate Lock-In Effect
Black Knight: Mortgage Rate Locks Edged Lower In June
Purchase lending accounted for 88.4% of rate locks in June, a record high.
Jul 12, 2023
May Rate Locks See Modest Rise
Black Knight says locks remain suppressed by high rates, lack of inventory.
Jun 12, 2023
Tightening Credit Adds To Housing Affordability Struggles
Black Knight report says rates remain elevated, and worsening inventory shortages prop up home prices.
Jun 05, 2023
Mortgage Rate Lock Volume Surged 43% In March
'This continues to be an incredibly rate-sensitive housing market.'
Apr 10, 2023
Jumbo Loans Drive Increase In Mortgage Dollar Volume In February
Black Knight data shows nonconforming loans helped overcome rate lock drop.
Mortgage Rate Lock Volume Fell in February
Overall activity fell 15% from January, and is down 54% from a year earlier.
Mar 08, 2023
Black Knight: Rate Lock Volume Rises In January
Increase was first since March 2022, ending nine consecutive months of declines.
Feb 13, 2023
MCT: Rate Lock Volume Jumps 109% In January
Volume increased across the board, lead by rate/term refis rising 124%.
Feb 03, 2023
Rate Locks Hit Record Low For 2nd Straight Month
Both Black Knight’s OMM report and MCTlive! Lock volume indices show a 90% decline in YOY volume.
Jan 06, 2023