Mortgage Industry Adapts to Rising Interest Rates The U.S. mortgage industry is adapting to rising interest rates, transforming lending strategies, and borrower behaviors. This article explores the implications for lenders and borrowers, offering insights into new trends and strategies.

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Rate Lock Volume Keeps Falling From 2021’s Boom Levels: MCT

Saturday, Aug 20 2022
Lending
Written by  The Mortgage Leader

Overall rate lock volume tumbled 46.5% in July when compared with the lofty heights reached during the same month last year. That’s according to Mortgage Capital Trading’s latest MCTlive! Lock Volume Indices.

 

MCTAt the same time, rate/term refinance lock volumes were up 11% from June 2022 because of a rebound in bonds, according to MCT.

Overall month-to-month mortgage rate locks slipped 1.5% in July, MCT’s figures showed.

Read more from Mortgage Capital Trading. 

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