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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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.
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.