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Rate Lock Volumes Drop in September

Saturday, Oct 08 2022
Originating
Written by  The Mortgage Leader

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.

MCTAccording 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.

Read the full announcement. 

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