Optimal Blue, Plano, Texas, found lock activity surged in September as rates fell, with total lock volume up 28.2% month-over-month and 21.1% year-over-year.
Tag: Mike Vough
Refinances Surge Nearly 70%, Optimal Blue Reports
Optimal Blue, Plano, Texas, found a sharp split between purchase and refinance trends as seasonal factors and falling rates reshaped origination activity.
Optimal Blue: Refinances Up, Purchase Activity Down, Non-QM Hits Record High
Refinances ticked up and non-QM lending hit a record high as purchase activity fell nearly 5% in July, according to Optimal Blue, Plano, Texas.
Optimal Blue: Refinances, Product Shifts and Strong Agency Participation Define June
Optimal Blue, Plano, Texas, reported total lock volume rose 1.95% month-over-month in June, driven by increased refinance activity.
MBA Premier Member Editorial: Tech and AI Are Advancing, So What’s Next for Mortgage Pricing?
Today, conversations around mortgage pricing tend to focus on AI and modern technology, yet there was a time when everything was handled very differently – before the first product, pricing, and eligibility engine was even introduced, Optimal Blue’s Mike Vough writes.