July Refinance Activity, Rate Lock Volume See Increases
Optimal Blue's July 2024 Market Advantage mortgage data report shows a lift in mortgage activity as interest rates dip
Optimal Blue's July 2024 Market Advantage mortgage data report shows a lift in mortgage activity as interest rates dip
Total residential loans drops nearly 20% as just 1.25m loans were originated.
Refinance mortgage originations hit low point this century.
Lender says majority in survey cited high interest rates; offers new product to cover costs of refinancing.