Purchase Locks Plunge To End The Second Quarter
Early-stage origination data show homebuying continues to stagnate, even as prices fall.
Tagged: Mortgage Rate Locks
Rate Lock Volume Jumps More Than 15% In March
Broader economic uncertainty makes for a challenging 2024, MCT's head of trading says.
Spring Surge: Optimal Blue Sees Record-High Credit Score Marks
Optimal Blue's March 2024 Originations Market Monitor report saw steady rate-lock volume growth.
MCT: Mortgage Lock Volume Increases By 20.9% in February
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.
Mortgage Rate Locks Up by 13.96%, Reports MCT
Month-over-month growth in mortgage rate locks coincides with the Federal Reserve's interest rate stance, as market anticipates potential future changes.
MCT: Mortgage Lock Volume Declines By 13.71% Despite Falling Rates
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.
Homeowners Stick With Low Mortgage Rates
'Lock-In Effect' keeps majority of homeowners with mortgage rates below 6%
Soaring Mortgage Rates Trigger Surge In Home Deal Cancellations
Redfin report reveals record-breaking cancellations as homebuyers grapple with high interest rates and mounting housing costs.
MCT: Mortgage Rate Locks Mostly Flat In July
Slight .44% increase in mortgage lock volume; industry faces uncertain future.