MSRs are back to trading at a premium of roughly 5x multiples of servicing fees for agency loans.
Tagged: Mortgage Capital Trading
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.
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