Intercontinental Exchange Inc., Atlanta, released its Mortgage Monitor Report for April, and the “locked-in effect” was front and center. The report highlighted how for many homeowners, giving up their current rate to purchase an equivalently priced home would result in a 40% increase in principal and interest.
Tag: Andy Walden
ICE Mortgage Monitor: 2023 Saw Three-Decade Low in Originations
Intercontinental Exchange Inc., Atlanta, released its Mortgage Monitor report for March, featuring some full-year 2023 insights. Among those, the report recorded only 4.3 million mortgages as originated in 2023, the lowest since ICE began tracking the data 30 years ago.
ICE Finds Positive Signs in Housing, Mortgage Markets Ahead of Spring Homebuying Season
Housing affordability has improved in recent months, with the share of income required to purchase the median home falling nearly 5 percentage points from October, and the inventory deficit continues to improve. This indicates a better housing market environment in coming months, according to Intercontinental Exchange.
Black Knight Reports Mortgage Rate Lock Activity Falls Again
Black Knight, Jacksonville, Fla., said mortgage rate lock activity fell for the second consecutive month in July, dropping 7% overall.
Black Knight Reports Mortgage Rate Lock Activity Falls Again
Black Knight, Jacksonville, Fla., said mortgage rate lock activity fell for the second consecutive month in July, dropping 7% overall.
Black Knight: Housing Market Reheating
The housing market is “reheating,” with home prices hitting new peaks at the national and local level and no end in sight to the inventory shortage driving price increases, reported Black Knight, Jacksonville, Fla.
Black Knight: Housing Market Reheating
The housing market is “reheating,” with home prices hitting new peaks at the national and local level and no end in sight to the inventory shortage driving price increases, reported Black Knight, Jacksonville, Fla.
Black Knight: Mortgage Locks Edge Lower in June; Credit Availability Continues to Tighten
Black Knight, Jacksonville, Fla., reported overall rate lock volumes were down 1% month-over-month in June, with conforming loans gaining share mainly at the expense of non-conforming loan products.
Mortgage Locks See Modest Rise in May, But Remain Suppressed, Black Knight Reports
Mortgage lending improved in May compared to April, but remains constrained to say the least, reported Black Knight, Jacksonville, Fla.
Black Knight: Lock Volumes Fall Despite Lower Rates
Black Knight, Jacksonville, Fla., said rate lock volumes fell by 22 percent month over month in April despite marginally lower mortgage interest rates.