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.
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The Evolution of Digital Originations in Mortgage Lending
Exploring recent trends in digital originations for mortgage lenders, highlighting the role of fintech and AI in reshaping the lending process.
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.
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