Black Knight

The monthly prepayment rate ticked up slightly month-to-month after dropping to a three-year low earlier this year.

Rising rates will dampen what had been a growing cash-out refinance market even as equity available to homeowners continues to increase.

Continued price growth in New York drove January's home prices up by 0.1% from December and by 5.4% over the previous year, according to Black Knight Financial Services.

Black Knight Financial Services is bringing its Empower loan origination system to midsized mortgage lenders by offering a preconfigured version of its highly customizable platform.