Mortgage Capital Trading Inc. (MCT)

MCT reports 3.17% increase in September

MCT reports rate lock volume up 3.33% in August

Hot May jobs report signals further delays in rate cuts, according to the MCT June Indices report

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.