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Despite the significant annual increase, home buyers saw signs of affordability returning in the latter months of the year.

An executive at the firm also signed a $475,000 judgment against it from another mortgage player, although a federal judge has yet to sign off on the agreement.

But several recent news developments are creating the perception that the risk of a recession is on the wane and that could end the downward pressure on rates.

But late borrower payments slightly grew in November, with 18 metro areas reporting an increase, up from six metro areas in October, CoreLogic's report found.

Sales of new U.S. homes rose for a third month in December, wrapping up an otherwise disappointing year in which soaring borrowing costs stifled demand and weighed on the economy.

The U.S. economy expanded at a healthy pace in the fourth quarter, though an extended salvo of Federal Reserve interest-rate hikes is seen jeopardizing growth prospects this year.

Mortgage prepayment rates also fell to a new low for the third consecutive month in December, according to Black Knight.

Despite the reduction from last year, "there are some signs that that production is coming back" in mortgage, the bank's CEO said.

Approximately 20 million U.S. residents – the majority of which were Gen Zers – took out their first debt product between the start of 2019 and mid-2022, a TransUnion study found.

Shares of the digital real estate company fell as much as 16% Wednesday.