November Mortgage Rate Lock Volume Fell 61% YOY
The volume of both rate/term and cash-out refi locks was down more than 86% YOY.
The volume of both rate/term and cash-out refi locks was down more than 86% YOY.
Rate lock volume is now down are now down 30% over the past three months and 61% YOY.
Year-over-year total lock volume fell 60.4% in October.
Year-over-year total lock volume falls by nearly 50%
Black Knight reports that overall rate-lock volume is down 57% year over year.
The refi share of the market is down to just 18%, the lowest point on record since at least January 2018.
New information released by MCT Data shows purchase locks dropped last month.