Tagged: Black Knight
Black Knight reports that overall rate-lock volume is down 57% year over year.
As mortgage rates hit 5.89%, it takes 35.51% of median income to pay monthly principal & interest.
July’s month-over-month decline represents the first contraction in nearly three years.
Black Knight (NYSE: BKI) is the mortgage and finance industries’ leading provider of integrated technology, data and analytics solutions that facilitate and automate many of the business processes across the mortgage life cycle.
Black Knight analyst says data shows clear signs that housing-price growth “tipped from deceleration to decline” in July.
The national foreclosure rate remained just above the record low set in May.
Purchase demand fell below pre-pandemic levels last month, Black Knight says.
