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Both Black Knight’s OMM report and MCTlive! Lock volume indices show a 90% decline in YOY volume.
Black Knight 'First Look' finds signs that more homeowners are struggling to make payments.
Overall rate lock dollar volume down 21.5% month over month, remaining at the lowest level since February 2019.
Black Knight says the housing market correction has only just begun.
Black Knight acquired the property-search unit from FNF in 2014.
Rate lock volume is now down are now down 30% over the past three months and 61% YOY.
