Mortgage Capital Trading Inc. (MCT)

Broader economic uncertainty makes for a challenging 2024, MCT's head of trading says.

The increase reflects positive sentiment despite rising interest rates and strong job market; Federal Reserve's scrutiny of upcoming economic reports may influence future rate adjustments.

Month-over-month growth in mortgage rate locks coincides with the Federal Reserve's interest rate stance, as market anticipates potential future changes.

MCT's recent data reveals a drop in mortgage lock volume, with refinances showing only a modest increase despite lower rates, while seasonal trends and purchase market challenges continue.

Holiday season contributes to decrease; experts eye federal reserve's impact on mortgage rates.

Loan origination predicted to remain low in the new year