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Investor and DSCR loans drive the segment’s growth as conforming lending loses ground
Purchase locks fell 12% from June as the conforming share dropped to 47.3%, extending the mortgage market’s shift toward more specialized products
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June purchase locks climbed 14% year over year while non-conforming and Non-QM lending continued gaining market share, according to Optimal Blue
Non-QM loans reached 9% of lock volume in May while adjustable-rate mortgages climbed to 11% and conforming share remained below 50%
Optimal Blue data shows purchase activity carrying the market while refinance volume turns more selective
