MCT, San Diego, reported that lock volume fell in August, with purchase and rate/term refinances both pulling back.
Tag: Andrew Rhodes
MCT Reports Lock Volume Softens in June as Rate Incentive Fades
Total lock volume declined 2.88% on a month-over-month basis in June, according to Mortgage Capital Trading, San Diego.
MCT: Rate/Term Refinances Pull Back; Purchase Locks Hold Heading into Summer
Mortgage Capital Trading, San Diego, reported total lock volume declined about 2% in May; purchase locks remained steady, and rate/term refinances pulled back nearly 25%; cash-out refinances softened about 5%.
MCT: December Sees Monthly Decline in Mortgage Lock Activity
Mortgage Capital Trading, San Diego, released its latest Lock Volume Indices, finding that total lock volume fell 18.74% month-over-month in December.
MCT: Refinance Volume Exceeds Expectations in August
Mortgage Capital Trading, San Diego, said its Lock Volume Indices report showed modest decline in overall activity in July. But refinance segments outperformed expectations despite continued uncertainty in the housing market.