Click to read the most recent MSR Market Update! – Finally, inflation data signals that the Fed’s anticipated rate reduction action is coming very soon, and probably during their meeting in September. Mortgage rates have already dropped by about 48 basis points since July 31, 2024, and 65 basis points lower since the end of Q2. The industry has already experienced some robust refinancing activity since July 2024 which could continue as the market awaits the Fed’s announcement. The real estate industry is anticipating robust mortgage/housing activity once the Fed’s announcement becomes a reality.
We asked Natalie Martinez, MCT’s Manager of the MSR Services Department & Client Success, to sit down and provide insight into MCT’s enhanced retain-release analysis tool, Enhanced Best Execution (EBX). Watch the video below to see what Ms. Martinez has to say about EBX.
Click to read the most recent MSR Market Update! – The Fed’s recent announcement indicated no changes to the current Fed Funds rate, hence opening the possibility for a rate decline during their next meeting in September. It appears that the market has already built a 25 basis points decline in the mortgage offerings as we observe continuous easing in the 10 Year Treasury rate and the entire yield curve. As of July 31, 2024, the 30-year primary mortgage rate has retreated by 15 basis points while float income rates have declined by an average of about 45 basis points.
In this video, MCT’s Paul Yarbrough, Sr. Director, Head of Client Success Group and Jessica Visniskie, Sr. Capital Markets Technology Advisor, discuss how MCT’s Client Success Group goes above and beyond to create the most memorable and valuable experience possible for clients.
