ICE Data Signals A Market Reset, Not A Rebound
Affordability improves modestly but remains stretched as rising supply and steady prices reshape the purchase market for originators
Affordability improves modestly but remains stretched as rising supply and steady prices reshape the purchase market for originators
ICE Mortgage Monitor finds falling rates fuel originations, stronger servicer retention, and rising home equity withdrawals
The latest ICE figures portray a housing finance system still struggling to stage a comeback
December sees a dramatic 43% increase in rate/term refinances and a decline in purchase and cash-out volumes, driven by falling mortgage rates and a rise in VA loan activities.
ICE Nov. 2023 Mortgage Monitor Report says all factors ‘hammer affordability.’
Black Knight's Mortgage Monitor Report says prices rose the most month over month since May 2022.