Thursday, September 28, 2023 | The Latest Buzz for the Appraisal Industry

Rate Lock Activity Continues to Decline for Third Straight Month

Black Knight Inc. has released its latest Originations Market Monitor report, looking at mortgage origination data through June month-end by leveraging daily rate lock data from the Black Knight Optimal Blue PPE. The month’s pipeline data showed overall rate locks down 11.1% month-over-month, led by a 13.2% decline in cash-out refinance locks, which are now down 42.2% since last June.

“This continues to be a challenging environment for mortgage originators,” observes Scott Happ, president

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