MCT’s November Indices show mortgage pricing dip after Powell’s comments, steady October lock activity, and signs of rate stabilization heading into 2026.
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’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.
MCT’s August Lock Volume Indices shows surprising growth across all refis, while corrected jobs report data alludes to a potential September rate cut.
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.
