Black Knight Originations Market Monitor: Mortgage Locks Saw Modest Rise in May, But Remain Suppressed on Elevated Rates, Lack of Inventory

The Optimal Blue Mortgage Market Indices showed 30-year conforming rates rose 27 basis points in May to 6.72% after holding between 6.38% and 6.5% for the first half of the monthDespite jumbo rates remaining elevated,