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Newswire: October Mortgage Lock Data Shows Resilience and Cracks in the Mortgage Market as Interest Rates Tick up 65 Basis Points

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Category: Send2Press NewsWire Distribution Service
PLANO, Texas, Nov. 12, 2024 (SEND2PRESS NEWSWIRE) -- Optimal Blue today released its October 2024 Market Advantage mortgage data report, highlighting resilient purchase activity in the face of rising interest rates and affordability challenges. Despite a 65-basis-point (bps) increase in the Optimal Blue Mortgage Market Indices (OBMMI) 30-year conforming rate, purchase lock volume grew by 12% month over month (MoM), signaling strong demand among homebuyers.
Newswire: October Mortgage Lock Data Shows Resilience and Cracks in the Mortgage Market as Interest Rates Tick up 65 Basis Points


Posted: 2024-11-12 11:00:36

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mortgage | newswire | october | lock


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