According to the MCTlive! lock volume indices, total lock volume fell 48.5% year-over-year and 5.4% month-over-month in September.
However, rate-term refinance locks rose 33% and purchase locks rose 6.3% month-over-month in September.
-
Rising Mortgage Rates and Their Impact on the Housing Market
Explore the effects of rising mortgage rates on the housing market, with insights into buyer behavior and real estate trends amidst economic shifts.
Estimated reading time: 0 minutes, 18 seconds
Rate Lock Volumes Drop in September
Rate lock activity based on dollar volume fell last month, but there were some bright spots. That’s according to an announcement from capital markets software and services provider MCT.
MOST READ STORIES
Fast,Easy & Free
