Optimal Blue, Plano, Texas, found “resilient” mortgage activity as purchase demand strengthened despite higher rates. Total rate-lock volume rose 13% month over month and 26% year over year.
Tag: Mike Vough
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.