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Purchase lock counts drop to 9-year low
Led by purchase locks, origination activity dropped 19.4% in December, falling nine consecutive months, Black Knight data showed. Read More
Lock in a mortgage rate after the Fed cuts? This might be your last chance
The Fed's quarter-point cut was widely expected by economists.Mortgage rates generally follow the path of that benchmark rate – but not recently. When the Fed met in September, it cut rates by ... Read More
July Refinance Activity, Rate Lock Volume See Increases
Mortgage refinance demand increased to levels not seen since September 2022 amid softening interest rates, as reported by Optimal Blue in its July 2024 Market Advantage mortgage data report, released ... Read More
Mortgage rate lock volume plummeted 20% in September as ... - HousingWire
Mortgage-rate-lock volume fell 20% in September, led by a combination of seasonal decline in purchase activity and rising interest rates, according to Optimal Blue’s Originations Market Monitor ... Read More
Mortgage Rate Lock Volume Surged 43% In March – NMP
Lock volumes increased across the board, with purchase locks increasing 44%, well above the 30% average February-to-March gain seen across the past five years. Cash-out refinances were up 31% and rate ... Read More
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