Tagged: Mortgage Rate Locks

Purchase locks sank 16% year over year, despite August being the most affordable month for home buying since February.

MCT reports rate lock volume up 3.33% in August

Early-stage origination data show homebuying continues to stagnate, even as prices fall.

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

Optimal Blue's March 2024 Originations Market Monitor report saw steady rate-lock volume growth.

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.

'Lock-In Effect' keeps majority of homeowners with mortgage rates below 6%

Redfin report reveals record-breaking cancellations as homebuyers grapple with high interest rates and mounting housing costs.