Tuesday, 30 November 2021 | The Latest Buzz for the Appraisal Industry

Black Knight: Climbing Rates Drove Down Rate Lock Volumes in September

Non-conforming and FHA loan products gained market share in August, while all other products lost ground, according to Black Knight’s latest Originations Market Monitor report.

Rate lock volumes fell across the board in September, as interest rates rose throughout much of the month, the report shows.

As of the end of September, the average rate for a 30-year fixed-rate mortgage was 3.20%, 16 basis points higher compared with the start of the month.




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