Mortgage origination activity took a major hit in February, with rate hikes squeezing out refinance activity, both for rate-term refis and cash-outs. Overall origination activity in February was down 5.4% from January, according to the latest monthly Mortgage Monitor report from Black Knight. Purchase locks, which are not as rate-sensitive as refinancings, were up 7.2% […more]
Posted in: San Francisco
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