Rate lock volume jumps 43%, reflecting a rate-sensitive market
Rate lock volume jumped 43% in March on the back of seasonal tailwinds, falling interest rates and stronger purchase market performance.
Source: housingwire.com
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Black Knight : March 2023 Originations Market Monitor
Rate lock dollar volumes were up 43% month over month in March, driven by seasonal tailwinds, falling interest rates and stronger purchase market performance ... | April 10, 2023
Source: marketscreener.com
Black Knight Originations Market Monitor: Rate Lock Volumes Jump 43% in March on Seasonal Tailwinds, Falling Rates and Lower FHA Insurance Premiums
Rate lock dollar volumes were up 43% month over month in March, driven by seasonal tailwinds, falling interest rates and stronger purchase market performanceLock volumes increased across the board,... | April 10, 2023
Source: marketscreener.com
Mortgage origination outlook brightens in March
Last month saw purchase rate locks increase by 44%, jumping past the 30% average in February, according to Black Knight's report.
Source: nationalmortgagenews.com
More than 10% of recent homebuyer loans are slipping underwater
Affordability constraints have made borrowers who bought properties within the last 12 months increasingly vulnerable to price declines.
Source: nationalmortgagenews.com