Rate/Term Refinances Reach Lowest Point Since February 2020

Rate/Term Refinances Reach Lowest Point Since February 2020

ByTMN Editor Reading Time: 2 minutes

Rate lock volume fell 4.7% month-over-month in November, Black Knight’s latest Originations Market Monitor report found. It is the third straight month of overall declines. The drop was driven by rate/term refinance originations, which fell 9.4% from October and almost 65% year-over-year (YOY), its lowest level since February 2020. Rate/term refinance dropped in eight out…

Homebuyer Demand Hits Highest Level Since 2017

Homebuyer Demand Hits Highest Level Since 2017

ByTMN Editor Reading Time: 2 minutes

Redfin’s Homebuyer Demand Index hit an all-time high since at least 2017 as the number of listed homes remains seasonally elevated compared to past years. The report shows the market speeding up, with an increasing number of homes selling in two weeks or less and demand increasing even as listings trend down.  “The economy is…

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