That figure, which is based on actual locked loans, came after a 15% drop in May's total lock production. Mortgage rates in June were in the high 6% range.
Annual U.S. single-family home price growth slowed for the 12th straight month in May, falling to 1.4% increase year over year, according to CoreLogic’s Home Price index.
Candor Technology, a mortgage AI technology firm, announced this week that it has unveiled its latest product feature, Candor Pre-Check.
Inventory in Austin continues to run above pre-pandemic levels, putting downward pressure on home prices, which have fallen to -13.8% below peak, the largest gap of any market.