MCT

Mortgage originations saw a boost in June as summer turned the corner, according to new data from Mortgage Capital Trading. MCT’s Indices Report found that lock volumes increased by 31% last month, making up for a 15% decrease in May. “We saw originations towards the end of May slow down, so this is likely a summertime pickup in originations,” said Andrew Rhodes, Senior Director and Head of Trading at MCT. “Rates, housing supply, and affordability will continue to be the forces behind the lack of new originations.” Year-over-year locks were down nearly 8%, however. Rhodes noted that the Federal Reserve’s decisions will impact lock volumes going forward. If the Fed follows through on two additional rate hikes this year, mortgage…