Intercontinental Exchange, Atlanta, released its latest mortgage monitor with May’s data. Among other findings, 24% of mortgage holders had interest rates of 5% or higher, up from just 10% in 2022.
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.
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.
2Q Homeowner Equity Spikes; Tappable Equity Again at Record High
Reports from ATTOM, Irvine, Calif., and Black Knight, Jacksonville, Fla., confirm the importance of home equity in a tightening mortgage market.
Black Knight: Tappable Equity Skyrockets to Record High
A rising tide lifts all boats, the saying goes. And for the nation’s homeowners, home price growth—buoyed by scant housing inventories and historically low interest rates—created unprecedented tappable equity in 2020, said Black Knight, Jacksonville, Fla.