Optimal Blue, Plano, Texas, said mortgage lock volume rose 36% month-over-month in January as rates eased.
Tag: Rate Locks
Mortgage Capital Trading: Lock Volume Increases 31% Month-over-Month
Mortgage Capital Trading, San Diego, reported a 31% increase in lock volume in June after a dip in May.
Mortgage Capital Trading: Lock Volume Increases 31% Month-over-Month
Mortgage Capital Trading, San Diego, reported a 31% increase in lock volume in June after a dip in May.
Black Knight: More than Half of Borrowers Using Rate Buydowns
Black Knight, Jacksonville, Fla., said 57 percent of recent borrowers used rate buydowns to purchase a home, with nearly 25 percent paying two or more points upfront.
Chris Bennett and Erin Palmer: Extended Rate Locks–How to Hedge Your Bets Past 90 Days
While any new construction loan destined for sale to a GSE can be a one- or two-time close, lenders can decrease risk by focusing the right resources on the initial underwrite as well as the final review.
Rate Locks Fall Across All Loan Types
Black Knight, Jacksonville, Fla., said despite a leveling off in interest rates, lock volumes fell another 4.8% from April, with monthly declines seen across both rate/term (-23.6%) and cash-out (-11.9%) refinances.