By KIMBERLEY HAAS New numbers show year-over-year growth in mortgage activity, offering a glimmer of hope for industry professionals as 2025 begins. On Tuesday, Optimal Blue released its December 2024 Market Advantage mortgage data report, which shows that lock volume was up 26% YOY, driven by an 18% increase in purchase locks, a 43% rise in…
Purchase mortgage lock counts rose year-over-year for the first since March 2022 in April, an encouraging sign in the tough homebuying environment. Optimal Blue’s April 2024 Originations Market Monitor report revealed that purchase locks were up 5% YOY last month, the first increase since the Central Bank hiked rates two years ago. Optimal Blue chalks…
Average homebuyer credit scores soared to their highest point since 2018 in March, according to Optimal Blue’s March 2024 Originations Market Report. The average score hit 737, an all-time high in Optimal Blue’s data, which dates back to January 2018. Scores for FHA borrowers also hit 6-year highs, clocking in at 677 in February and…
Mortgage purchase locks increased at the start of the spring homebuying season despite ongoing challenges, setting the stage for more activity. Rate lock volume increased by 5% from January to February despite rising rates, leading to a net rise in origination activity, according to Optimal Blue’s latest Originations Market Monitor report. Purchase activity drove the…
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