Posted To: MND NewsWire

Black Knight has launched a new monthly report covering mortgage origination activity as gathered through its Optimal Blue loan product and pricing engine. The company says its Originations Market Monitor will publish a series of key indicators drawn from Optimal Blue data as well as secondary market insight from Black Knight’s hedging platforms. The initial report covers activity for March and shows that at month’s end the average 30-year conforming rate had increased by nearly 60 basis points over the course of the month to 3.34 percent. Still, this was 20 basis points below the rate at the same point in 2020 . Average rates by loan product are shown below. “Recent – and sharp – upward movements in interest rates have shifted the mortgage originations landscape very quickly ,” said Black…(read more)

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Source: Mortgage News Daily