Explore the evolving landscape of mortgage origination, influenced by shifting interest rates, housing market dynamics, and regulatory changes. Discover strategies for lenders to adapt and thrive in this dynamic environment.
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Mortgage rate-lock activity increased in January for the first time in four months, according to Black Knight.
Rate locks rose overall 9.5% from December, amid a 19.9% leap in purchase loan locks and 9.2% jump in cash-out refinance locks, according to Black Knight.
“Inventory constraints continue to serve as headwinds on purchase origination, as does homeowner affordability in the face of rising rates and home prices,” said Scott Happ, president of Black Night’s Optimal Blue Division.
