September was a turning point for demand, as cooling rates sent refinances soaring and cautious potential buyers stepped out of the shadows. Mortgage lock volume increased 3.17% month-over-month, according to a new analysis from Mortgage Capital Trading. “This data signals a potential shift in strategy for loan officers, who are increasingly targeting borrowers looking to…
Mortgage rate lock volumes jumped nearly 7% in May despite rates moving very little. Mortgage Capital Trading’s (MCT) latest report revealed that mortgage lock volume increased 6.78% month-over-month in May. Rates have been the primary influence on mortgage activity this year. MCT says the industry is monitoring economic data to see what decisions the Federal…
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…
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