December Data Shows Year-Over-Year Increases Across All Loan Types

December Data Shows Year-Over-Year Increases Across All Loan Types

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…

October Numbers Reflect Recent Mortgage Rate Roller Coaster Ride

October Numbers Reflect Recent Mortgage Rate Roller Coaster Ride

By KIMBERLEY HAAS New numbers show the resilience of the housing market and the impacts of recent drops and spikes in mortgage rates. On Tuesday, Optimal Blue released its October 2024 Market Advantage Mortgage Data Report, which shows purchase lock volume grew by 12% month-over-month. Purchase lock counts grew 9% year-over-year. FHA locks rose last month,…

Purchase Locks Rose At The Start Of Spring Buying Season

Purchase Locks Rose At The Start Of Spring Buying Season

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…

Purchase Locks Jumped In March As Rates Fell

Purchase Locks Jumped In March As Rates Fell

Lock volumes increased across the board last month, with purchase locks seeing the greatest gains of any March in the past five years. Rate locks dollar volumes rose by 43% thanks to retreating rates and greater demand, according to Black Knight’s latest Originations Market Report. Rates fell by 24 bps by the end of the…

Rate Locks Rose In January, But The Good News May Not Last

Rate Locks Rose In January, But The Good News May Not Last

Rate lock volumes increased across the board in January, finally breaking a nine-month downward streak, as buyers began stepping out before the spring season. Lock volumes rose 32% last month, according to Black Knight’s Originations Market Report. “Mortgage rates declined in January, continuing a trend that began in early November 2022. Conforming rates dropped 36…

Rate Locks Set New Record Lows

Rate Locks Set New Record Lows

Rate lock volumes took a beating in December as buyers and sellers remained on the sidelines. Black Knight’s December Originations Monitor Report found that typical seasonal patterns, together with continuing inflationary pressures and elevated rates, resulted in record lows for locks of all kinds. “Using Black Knight’s McDash mortgage performance data to provide comparative history,…

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