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In the first quarter of 2022, it was the best of times for homeowners, and the worst of times for homebuyers. As home prices and interest rates continue to rise, mortgage holders have seen their tappable equity — the amount available for them to borrow against while retaining a 20% equity stake in their homes — reach another all-time high in the first quarter of this year.
Black Knight did not publish a Mortgage Monitor in January, so the new issue looks at the mortgage market at the end of 2021 into the early days of 2022. The company says that home price growth, which showed signs of cooling in the summer and fall of last year now appears to be re-accelerating, in part because of worsening inventories, which the company calls a crisis. Much of the report, however, is devoted to the performance of mortgage loans almost two years after the pandemic sent the economy into a brief, but dramatic freefall. While delinquency data for the period was reported in Blac...
Condos Lag Single Family in Price Hikes: Opportunity for Investors? Millionacres 6 hrs ago © Provided by Millionacres Condos Lag Single Family in Price Hikes: Opportunity for Investors? A searing market for residential housing continues to break records for shrinking supply and rising prices but interestingly, according to a leading data cruncher, condos aren’t completely along for the ride, and that could be an opening for real estate investors. Black Knight (NYSE: BK), in its latest Mortgage Monitor Report released on April 5, says that nearly three-fourths of the nation’s 100 larg...
Refi Demand Staying Strong Despite Rising Rates Feb 1 2021, 11:45AM The current Mortgage Monitor from Black Knight looks at the recent small increases in mortgage rates and their potential impact on home sales. The company says that Treasury yields have been rising with the 10-year up nearly 0.25 percent just since the January 5 Georgia senatorial runoff. While the spread between it and the 30-year mortgage rates absorbed part of the increase, mortgages did subsequently rise by about 1/8 th of a point. The January spike wasn't an isolated event, the 10-year yield ...