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.
-
Mortgage Rates on the Rise: How Originators Can Adapt
An insightful article discussing how mortgage originators can adapt to the rising interest rates by embracing strategic customer relations and technology integration.
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
