Optimal Blue, Plano, Texas, said mortgage lock volume rose 36% month-over-month in January as rates eased.
Tag: Rate Locks
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Mortgage Capital Trading: Lock Volume Increases 31% Month-over-Month
Mortgage Capital Trading, San Diego, reported a 31% increase in lock volume in June after a dip in May.
![](https://newslink.mba.org/wp-content/uploads/2023/07/MCT-Lock-Volume-7-7-23-600.png?w=465&h=310&crop=1)
Mortgage Capital Trading: Lock Volume Increases 31% Month-over-Month
Mortgage Capital Trading, San Diego, reported a 31% increase in lock volume in June after a dip in May.
![](https://newslink.mba.org/wp-content/uploads/2022/02/HouseUnderContract9400.jpg?w=400&h=224&crop=1)
Black Knight: More than Half of Borrowers Using Rate Buydowns
Black Knight, Jacksonville, Fla., said 57 percent of recent borrowers used rate buydowns to purchase a home, with nearly 25 percent paying two or more points upfront.
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Chris Bennett and Erin Palmer: Extended Rate Locks–How to Hedge Your Bets Past 90 Days
While any new construction loan destined for sale to a GSE can be a one- or two-time close, lenders can decrease risk by focusing the right resources on the initial underwrite as well as the final review.
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Rate Locks Fall Across All Loan Types
Black Knight, Jacksonville, Fla., said despite a leveling off in interest rates, lock volumes fell another 4.8% from April, with monthly declines seen across both rate/term (-23.6%) and cash-out (-11.9%) refinances.