Tag Archives: MCT Indices Report

Monthly Mortgage Volume Increases 13.96% In Latest MCT Indices Report

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced today an increase of 13.96% in mortgage lock volume compared to the previous month. To gain comprehensive insights into the market dynamics, industry professionals and enthusiasts are invited to download the complete report.

For the first time since June 2023, MCT® has observed month-over-month growth in total volume, purchase volume, rate/term refinances, and cash-out refinances. These figures come as the Federal Reserve has decided to maintain interest rates at their current level, with indications that a March rate cut may be unlikely as they persist in their pursuit of achieving 2% inflation.

While the rise in monthly volume across the board is a notable trend, the year-over-year comparison reveals relatively stable total volume. Phil Rasori, Chief Operating Officer at MCT, commented on the current landscape, stating, "The recent decrease in mortgage rates and increase in refinance volume hasn't yet made a meaningful impact compared to a year ago. However, we anticipate a shift in this scenario as we approach a potential Fed rate cut, unlocking the potential for increased refinance and total volume."

To access the comprehensive insights provided by MCT's Lock Volume Indices, interested parties are encouraged to download the full report - https://mct-trading.com/press-release/monthly-mortgage-volume-increases-13-96-in-latest-mct-indices-report/.

MCT's Lock Volume Indices present a snapshot of rate lock volume activity in the residential mortgage industry broken out by lock type (purchase, rate/term refinance, and cash out refinance) across a broad diversity of lenders (e.g., sizes, products/services offered, business models) from MCT's national footprint.

About MCT:

For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT's stewardship. MCT's technology and know-how continues to revolutionize how mortgage assets are priced, locked, protected, valued, and exchanged - offering clients the tools to thrive under any market condition.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

MULTIMEDIA:

Image link for media: https://mct-trading.com/wp-content/uploads/2024/02/mct-lock-volume-indices-7.png

Caption: Monthly Mortgage Volume Increases 13.96% In Latest MCT Indices Report

Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced today an increase of 13.96% in mortgage lock volume compared to the previous month. To gain comprehensive insights into the market dynamics, industry professionals and enthusiasts are invited to download the complete report.

Related link: https://mct-trading.com/

Monthly Mortgage Volume Decreases 10.7% In Latest MCT Indices Report

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, today announced a 10.7% decrease in mortgage lock volume in November compared to the previous month. This revelation comes as part of MCT's monthly Lock Volume Indices report, offering valuable insights into the dynamic landscape of the residential mortgage industry.

The data indicates a nuanced pattern, with a slight uptick in lock volume early in the month attributed to a marginal drop in mortgage rates and increased activity from a Mortgage-Backed Securities (MBS) rally. However, this surge was short-lived as volume plateaued and subsequently decreased throughout the remainder of the month, with the Thanksgiving holiday potentially contributing to this trend.

Against the backdrop of these market dynamics, the mortgage industry is hoping for reprieve as The Federal Reserve indicated we may have reached the terminal federal funds rate. Andrew Rhodes, Senior Director and Head of Trading at MCT, commented on the current scenario, saying, "While we've seen a decrease in mortgage rates from the highs which would alleviate the seasonal dip, we are still struggling with low supply and see that as a continued trend through the beginning of 2024."

To access the comprehensive insights provided by MCT's Lock Volume Indices, interested parties are encouraged to download the full report at: https://mct-trading.com/press-release/monthly-mortgage-volume-decreases-10-7-indices-report/.

MCT's Lock Volume Indices present a snapshot of rate lock volume activity in the residential mortgage industry broken out by lock type (purchase, rate/term refinance, and cash out refinance) across a broad diversity of lenders (e.g., sizes, products/services offered, business models) from MCT's national footprint.

About MCT:

For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT's stewardship. MCT's technology and know-how continues to revolutionize how mortgage assets are priced, locked, protected, valued, and exchanged - offering clients the tools to thrive under any market condition.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, today announced a 10.7% decrease in mortgage lock volume in November compared to the previous month. This revelation comes as part of MCT's monthly Lock Volume Indices report, offering valuable insights into the dynamic landscape of the residential mortgage industry.

Related link: https://mct-trading.com/

High Rates and Low Supply Drag Down Mortgage Volume in MCT October Indices Report

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, reported today a significant dip of 13.29% in mortgage lock volume over the prior month.

Following the last month-over-month 4.76% drop, this downward trend in mortgage lock volume is attributed to an increase in mortgage rates throughout the last month to high sixes and low sevens as the primary culprit, and lack of supply and unattractive housing values being secondary reasons. "We are hopeful that we will get some better sentiment from the Fed in either its November or December meeting which would allow for some relief for rates," said Andrew Rhodes, Senior Director, Head of Trading at MCT, "But without that, high-interest rates will continue to be the prevailing force weighing on the market."

Eyes in the coming winter months will be on any shift in CPI and non-farm payroll, two indicators the Fed will look to as it makes its decisions for the rest of the winter and into Q1. "As long as those numbers continue to stay strong or in line with the consensus, I believe the rates are going to stay where they are. If we see a strong shift in either direction for CPI or non-farm payroll, that could mean we will either see an increase in rates or we will get more verbiage on pausing and it being close to terminal." states Mr. Rhodes.

Download the full MCT October Indices Report for further information, including year-over-year charts and data. MCT's Lock Volume Indices present a snapshot of rate lock volume activity in the residential mortgage industry broken out by lock type (purchase, rate/term refinance, and cash out refinance) across a broad diversity of lenders (e.g., sizes, products/services offered, business models) from MCT's national footprint.

About MCT:

For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT's stewardship. MCT's technology and know-how continues to revolutionize how mortgage assets are priced, locked, protected, valued, and exchanged - offering clients the tools to thrive under any market condition.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

RELATED LINKS:

https://mct-trading.com/press-release/mortgage-lock-volume-dips-rising-rates-mct-indices/

https://mct-trading.com/press-release/high-rates-low-supply-drag-down-mortgage-volume-in-mct-october-indices-report/

Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, reported today a significant dip of 13.29% in mortgage lock volume over the prior month.

Related link: https://mct-trading.com/

Mortgage Lock Volume Dips Slightly in Response to Rising Rates in September MCT Indices Report

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT(R)), a leading mortgage hedge advisory and secondary marketing software firm, reported today a slight 4.76% decline in mortgage lock volume over the prior month.

Download the complete report: https://mct-trading.com/press-release/mortgage-lock-volume-dips-rising-rates-mct-indices/

The slight dip in mortgage lock volume is likely attributed to an increase in mortgage rates through the last month.

"The summer buying season may have provided a nice backstop to prevent lock volume from dropping further this month," said Andrew Rhodes, Senior Director, Head of Trading at MCT. "If we continue into this restrictive territory through the winter buying season, we could see additional contraction through the rest of 2023."

The Fed's July decision to raise the Federal Funds Rate has contributed to a one-year high for mortgage rates. Friday's Nonfarm payroll report also came in slightly higher than expected, while other indicators, like the unemployment rate, unexpectedly ticked up from 3.5% to 3.8%. This mixed bag of indicators may give the Fed enough ammo for additional rate hikes in 2023.

As we move into the mortgage industry's natural winter slowdown, eyes will be on the Fed for communication that we've reached the terminal Federal Funds Rate.

"Any indication from the Fed that we've reached the terminal rate will trigger a reprieve in rates," said Mr. Rhodes. "In turn, market participants will begin to step back in and provide stability."

MCT's Lock Volume Indices present a snapshot of rate lock volume activity in the residential mortgage industry broken out by lock type (purchase, rate/term refinance, and cash out refinance) across a broad diversity of lenders (e.g., sizes, products/services offered, business models) from MCT's national footprint.

About MCT:

For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT's stewardship.

MCT's technology and know-how continues to revolutionize how mortgage assets are priced, locked, protected, valued, and exchanged - offering clients the tools to thrive under any market condition.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

SAN DIEGO, Calif., Sept. 5, 2023 (SEND2PRESS NEWSWIRE) -- Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, reported today a slight 4.76% decline in mortgage lock volume over the prior month. The slight dip in mortgage lock volume is likely attributed to an increase in mortgage rates through the last month.

Related link: https://mct-trading.com/