Estimated reading time: 0 minutes, 20 seconds

Rate Locks Fall in July for Fourth Straight Month: Black Knight

Monday, Aug 08 2022
Lending
Written by  The Mortgage Leader

Rate lock activity slid 14.4% in July, marking a fourth consecutive month of declines. That’s according to Black Knight’s latest Originations Market Monitor report.

arrow 98577 1280Rate locks for rate/term refinances fell 17%, while rate locks for purchase mortgages dropped 14.3% to pre-pandemic levels, according to Black Knight.

The refinance share of the market held steady at 18%, the lowest since tracking began in January 2018.

Read the report from Black Knight. 

Read 1072 times
Rate this item
(0 votes)
More in this category: « Mortgage Demand Posts First Weekly Increase Since June Santander Bank, Rocket Mortgage Team Up »

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline