Mortgage Industry Adapts to Rising Interest Rates The U.S. mortgage industry is adapting to rising interest rates, transforming lending strategies, and borrower behaviors. This article explores the implications for lenders and borrowers, offering insights into new trends and strategies.

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Rate Locks Fall in July for Fourth Straight Month: Black Knight

Monday, Aug 08 2022
Lending
Written by  The Mortgage Leader

Rate lock activity slid 14.4% in July, marking a fourth consecutive month of declines. That’s according to Black Knight’s latest Originations Market Monitor report.

arrow 98577 1280Rate locks for rate/term refinances fell 17%, while rate locks for purchase mortgages dropped 14.3% to pre-pandemic levels, according to Black Knight.

The refinance share of the market held steady at 18%, the lowest since tracking began in January 2018.

Read the report from Black Knight. 

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