Black Knight concurs with an earlier
forecast from the Mortgage Bankers Association, that 2020 will have a higher
level of mortgage originations in 2020 than was registered in 2019. Black
Knight, in its new Mortgage Monitor covering September loan performance data,
said its interpretation of recent rate lock information suggests that, for the
first time ever, the market is on track to top $4 trillion
in originations. Rate lock activity in September was
relatively even with that in August increasing a nominal 1 percent. Purchase
locks were down 2 percent, typical for the season, while refinance locks were
essentially unchanged. However, lock activity picked up in October, rising 4
percent through the first half of the month. Purchase locks were up 6 percent
and refinancing locks rose 3 percent month-over-month.

 

 

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