Nearly 90% of recent mortgages originations were purchase loans
Housing Wire
JUNE 12, 2023
The housing market, which is facing challenges with mortgage rates , affordability, prices and inventory, hasn’t been this purchase-dominant in decades, according to Black Knight ’s originations market monitor report. Today, nearly nine out of every 10 mortgages originated is a purchase loan, the report notes. Last month, purchase locks accounted for 88% of the market mix, marking a record high.
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