Monday, 18 October 2021 | The Latest Buzz for the Appraisal Industry

Rate/Term Refinance Mortgage Lending the Lowest Since January 2020

Black Knight Inc.’s latest Originations Market Monitor report, which looks at data through the end of April, shows that downward-trending interest rates did not entice higher numbers of borrowers to execute on closings.

“Despite interest rates trending downward in April across all mortgage products, the decreases did not seem to be enough to bring borrowers – particularly refi borrowers – back to the table,” says Black Knight Secondary Marketing Technologies President Scott Happ.

“April saw the

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