Black Knight: Purchase Locks Down 22% Despite Lower Rates

Black Knight, Jacksonville, Fla., reported despite a nearly half-percentage-point decrease in mortgage interest rates, overall lock volumes dropped by 21.5% in November and are down 39% over the past three months and 68% off last year.

Cash-Outs, Purchase Locks Decline Amid Record-Low Affordability

Black Knight, Jacksonville, Fla., said cash-out refinances fell significantly in September, by 26.2 percent from August alone and by 78 percent from a year ago. A similar report from MCT, San Diego, also found a sharp drop in loan lock volume in September.

Housing Market Roundup Sept. 15, 2022

Here’s a quick summary of recent housing market reports that have come across the MBA NewsLink desk:

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.

Housing Market Roundup Mar. 15, 2022

Here’s a quick recap of housing market stories that have recently come across the MBA NewsLink desk:

Housing Market Roundup Nov. 9, 2021

We’re starting to get a lot of year-end housing market reports—which means we should be soon getting 2022 forecasts. Here is a roundup of recent reports to come across the MBA NewsLink desk: