Data from Black Knight Inc.’s latest Originations Market Monitor report show that overall rate locks were up 3.9% in June from May, with a 6% rise in purchase locks and a 10% jump in cash-out refinance locks.
The purchase lock rise also comes after two consecutive months of declines, with May’s drop primarily due to the foreshortened month, the company says. While the volume of purchase loan locks per day was down slightly from