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Mortgage Rate Lock Volume Climbs, Ending Nine-Month Skid

Mortgage rate lock volumes have risen sharply, snapping a nine-month losing streak, according to Black Knight’s Originations Market Monitor. So reports Seeking Alpha.

Black KnightBlack Knight said that a drop in mortgage rates combined with seasonal tailwinds to drive rate lock volumes 32% higher in January.

“Mortgage originations continue to face significant rate, affordability and inventory headwinds, and lock volumes are still down more than 60% from the comparable period last year," Kevin McMahon, president of Optimal Blue, a division of Black Knight, said in a statement. 

Read the full article from Seeking Alpha.

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