Rate/Term Refis Surge Over 180% as Industry Advised to ‘Stay the Course’ Amid Shutdown
Rate/term refinances surged 183% as borrowers capitalized on lower rates, with MCT advising lenders to stay disciplined amid a data blackout and Fed rate cuts.
MCT September Indices: ‘Batten Down the Hatches’ as Markets Await Fed Decision
MCT’s September Lock Volume Indices show mixed performance as markets hold steady ahead of imminent Fed rate decision. Total volume down 0.78% monthly amid cautious positioning.
Refinance Volume Exceeds Expectations in August Despite Broader Market Slowdown
MCT’s August Lock Volume Indices shows surprising growth across all refis, while corrected jobs report data alludes to a potential September rate cut.
Rate/Term Refis Surge Nearly 10% as Purchase Activity Steadies in MCT’s July Lock Volume Indices
MCT’s July Lock Volume Indices show steady growth across all loan types, with rate/term refis up 9.89% and surprising market stability after a strong jobs report.
MCT Reports Stable Purchase Lock Volume in June Despite Market Pressures
MCT reports June purchase lock volume held nearly flat, signaling steady housing demand amid high rates, as refis drop sharply due to rate volatility.
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