Tag Archives: Mortgage Lock Volume Indices

MCT Reports 28% Increase in Mortgage Lock Volume Heading into Spring Season

SAN DIEGO, Calif., March 11, 2025 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, today announced a 27.91% increase in mortgage lock volume compared to the previous month. Industry professionals and stakeholders are encouraged to download the full report for a detailed analysis.

Image caption: MCT Reports 28% Increase in Mortgage Lock Volume Heading into Spring Season.

The increase in volume follows the typical seasonal pattern, rebounding from the December and January winter lull. As the housing market transitions into the Spring homebuying season, this positive movement suggests improving market activity. However, recent trends indicate that total volume may rise further in March and April before tapering off as early-season buyers finalize their purchases, leading to decreased demand in the deeper summer months.

External economic factors also remain a key area of focus. The potential impact of tariffs and possible retaliatory trade measures could introduce volatility into the broader economy, which may, in turn, affect mortgage rates. Market participants are watching these developments closely as they navigate lending and investment decisions.

Andrew Rhodes, Senior Director and Head of Trading at MCT, shared his perspective on the current financial landscape: “The expectation is that the Federal Reserve will likely hold the line on rates in March and May, with markets anticipating a likely rate cut in June. Economic performance given impending tariffs, Nonfarm Payroll, and the Consumer Price Index (CPI) will continue to be the biggest factors influencing rate decisions as we move into the summer months.”

As mortgage lenders and capital markets participants prepare for evolving conditions, MCT remains committed to delivering expert guidance and data-driven insights. For a more in-depth look at market dynamics, industry professionals can access the full report on MCT’s website.

Press release: https://mct-trading.com/press-release/mct-reports-28-increase-in-mortgage-lock-volume-heading-into-spring-season/

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 continue to revolutionize how mortgage assets are priced, locked, hedged, traded, and valued – offering clients the tools to perform under any market condition.

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

IMAGE link for media: https://mct-trading.com/wp-content/uploads/2025/03/mct-lock-volume-indices-46.png

MEDIA CONTACT:
Ian Miller
Chief Marketing Officer
Mortgage Capital Trading
619-618-7855
pr@mctrade.net

NEWS SOURCE: Mortgage Capital Trading Inc.

This press release was issued on behalf of the news source (Mortgage Capital Trading Inc.), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/mct-reports-28-increase-in-mortgage-lock-volume-heading-into-spring-season/

Mortgage Lock Volume Stays Flat in Latest MCT February Indices

SAN DIEGO, Calif., Feb. 6, 2025 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced today a 0.12% decrease in mortgage lock volume compared to the previous month. Industry professionals and market enthusiasts are encouraged to download the complete report for a deeper understanding of the latest market trends and dynamics.

Image caption: Mortgage Lock Volume Stays Flat in Latest MCT February Indices.

Despite the drop in refinance volume, purchase volume has remained steady, resulting in relatively no change in overall production volume month-over-month. The stability in purchase volume continues to support market activity while the industry awaits potential shifts in interest rates.

MCT’s data did show an increase in refinance production in the latter half of January. However, this uptick is likely attributable to the seasonal lull of the holiday period when compared to the end of December.

The outlook for the upcoming Federal Reserve meeting remains uncertain, as additional data is required to refine market predictions. “Tariffs, if or when implemented, may have an impact on inflation which will have influence over the next Fed decision,” said Andrew Rhodes, Senior Director and Head of Trading at MCT. “This, along with upcoming Nonfarm payroll and Consumer Price Index (CPI) reports, will help determine the outlook for mortgage rates heading into the Spring season.”

MCT’s latest report offers an in-depth analysis of these factors, providing valuable insights to lenders, investors, and industry stakeholders as they navigate the shifting mortgage landscape. To access the full report and learn more about MCT’s innovative solutions, visit MCT’s website.

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.

Download the report: https://mct-trading.com/press-release/mortgage-lock-volume-flat-latest-february-indices/

About MCT:

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

IMAGE link for media: https://mct-trading.com/wp-content/uploads/2025/02/mct-lock-volume-indices-43.png

MEDIA CONTACT:
Ian Miller
Chief Marketing Officer
Mortgage Capital Trading
619-618-7855
pr@mctrade.net

NEWS SOURCE: Mortgage Capital Trading Inc.

To view the original story, visit: https://www.send2press.com/wire/mortgage-lock-volume-stays-flat-in-latest-mct-february-indices/

MCT Reports 16% Decrease in Mortgage Lock Volume Amid Market Dynamics

SAN DIEGO, Calif., Jan. 14, 2025 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced today a 16.7% decrease in mortgage lock volume compared to the previous month. Industry professionals and market enthusiasts are encouraged to download the complete report to gain comprehensive insights into the evolving market dynamics.

Image caption: Lock Volume for December by Transaction Type.

December’s mortgage activity saw a slight uptick in refinance production. However, this increase was not enough to significantly impact overall production levels. The majority of December’s mortgage activity stemmed from purchase volume, reflecting a consistent trend in the current housing market.

“The Fed is expected to hold rates steady for longer as we continue to see a strong jobs market coupled with lowering inflation,” stated Andrew Rhodes, Senior Director and Head of Trading at MCT. “As we move into 2025, nonfarm payroll and the Consumer Price Index (CPI) will continue to be critical data points providing insight into any potential rate cuts. However, the more immediate focus is on the incoming administration policy changes and their effect on the market.”

The market is currently pricing in an expectation of higher mortgage rates for a longer period, influenced by stronger-than-expected nonfarm payroll numbers and the conservative nature of the Federal Reserve’s dot plot projections.

MCT’s latest report offers an in-depth analysis of these factors, providing valuable insights to lenders, investors, and industry stakeholders as they navigate the shifting mortgage landscape.

Report: https://mct-trading.com/press-release/mct-reports-16-decrease-in-mortgage-lock-volume-amid-market-dynamics/

About MCT:

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

MEDIA CONTACT:
Ian Miller
Chief Marketing Officer
Mortgage Capital Trading
619-618-7855
pr@mctrade.net

MULTIMEDIA:

IMAGE LINK for media: https://mct-trading.com/wp-content/uploads/2025/01/mct-lock-volume-indices-39.png

Image caption: Lock Volume for December by Transaction Type.

NEWS SOURCE: Mortgage Capital Trading Inc.

To view the original story, visit: https://www.send2press.com/wire/mct-reports-16-decrease-in-mortgage-lock-volume-amid-market-dynamics/

MCT Reports a 15% Decrease in Mortgage Lock Volume Amid Higher Rates

SAN DIEGO, Calif., Dec. 11, 2024 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, has announced a 15.12% decrease in mortgage lock volume compared to the previous month. The data, reflecting current market dynamics, is available in MCT’s latest report, which offers in-depth analysis and insights for industry professionals and stakeholders.

Image caption: Image Caption: Lock Volume for November by Transaction Type.

While the market exhibited relative stability post-election, a clear downtrend in refinance activity was observed as interest rates settled. Heading into the winter months and with a new presidential administration taking office in January, volatility concerns remain a focal point for the industry. Current expectations suggest that mortgage volume will stay low through the early months of the year.

Andrew Rhodes, Senior Director and Head of Trading at MCT, commented on the outlook: “Most lenders have already priced in at least one rate cut in either December or January. Barring unforeseen events, mortgage rates are predicted to remain relatively steady through the winter months.”

Industry forecasts indicate that rates are likely to hold or increase slightly, further dampening refinance activity. With the evolving market landscape, industry professionals are encouraged to stay informed of potential shifts in the coming months.

For further insights into the current mortgage market and the latest trends in lock volume, MCT invites industry professionals to download the full report.

About MCT:

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

Download report at: https://mct-trading.com/press-release/mct-reports-15-decrease-in-mortgage-lock-volume-amid-higher-rates/

MEDIA CONTACT:
Ian Miller
Chief Marketing Officer
Mortgage Capital Trading
619-618-7855
pr@mctrade.net

IMAGE link for media: https://www.Send2Press.com/300dpi/24-1211-s2p-mct-lock-volume-300dpi.jpg

Image Caption: Lock Volume for November by Transaction Type

NEWS SOURCE: Mortgage Capital Trading Inc.

To view the original story, visit: https://www.send2press.com/wire/mct-reports-a-15-decrease-in-mortgage-lock-volume-amid-higher-rates/

MCT Announces 2.5% Increase in Mortgage Lock Volume Despite October Market Volatility

SAN DIEGO, Calif., Nov. 15, 2024 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, reported a 2.5% increase in mortgage lock volume compared to the previous month. Mortgage market professionals and industry enthusiasts are invited to download MCT’s comprehensive report to gain deeper insights into the current market dynamics.

Image caption: MCT Mortgage Lock Volume Indices Oct 2024.

October proved to be a dynamic month for the mortgage market. An increase in mortgage rates, spurred by election volatility, led to a reversal of the refinancing uptick observed in September. However, a rise in purchase volume during the month managed to counterbalance the decline in refinancing, resulting in overall month-over-month lock volume remaining relatively flat.

The uncertainty surrounding the elections caused temporary market disruptions and a downturn in markets, which has now eased following the decisive election results. This change has brought a level of stability and clarity to the market.

Andrew Rhodes, Senior Director and Head of Trading at MCT, stated, “With the election and last Thursday’s Federal Reserve meeting behind us, we anticipate markets will stabilize with the new focus on November jobs and CPI data points.”

For further insights into the current mortgage market and the latest trends in lock volume, MCT invites industry professionals to download the full report.

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 perform under any market condition.

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

NEWS SOURCE: Mortgage Capital Trading Inc.

To view the original story, visit: https://www.send2press.com/wire/mct-announces-2-5-increase-in-mortgage-lock-volume-despite-october-market-volatility/

MCT Reports 3% Increase in Mortgage Lock Volume, Refinance Activity Buoys Market

SAN DIEGO, Calif., Oct. 3, 2024 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced today a 3.17% increase in mortgage lock volume compared to the previous month. The report highlights key market dynamics, offering industry professionals valuable insights. Industry professionals and enthusiasts are invited to download the complete report for comprehensive insights into the market dynamics.

Image caption: MCT Reports 3% Increase in Mortgage Lock Volume, Refinance Activity Buoys Market.

August and September have seen a continued slowdown in purchase lock volume, as is typical following the summer buying season. However, refinance activity has shown a steady increase, strong enough to offset the usual decline in overall lock volume from August to September. This increase in refinance activity has contributed to maintaining total lock volume production.

“This data signals a potential shift in strategy for loan officers, who are increasingly targeting borrowers looking to refinance after securing mortgages at higher peak rates,” said Andrew Rhodes, Senior Director and Head of Trading at MCT. “However, for a more significant rise in refinance activity, mortgage rates will need to drop much further. Currently, many borrowers remain locked into historically low rates, making the potential for increased refinance volume contingent on further rate reductions outside of market expectations.”

Rhodes also pointed to the significance of upcoming economic indicators. “With the expected Fed rate cuts already factored in, the market is now turning its attention to Friday’s Nonfarm Payroll report and the next Consumer Price Index release for signs of where rates are headed,” he added.

As the industry navigates these evolving market conditions, MCT continues to provide critical insights and cutting-edge solutions for mortgage professionals.

For further insights into the current mortgage market and the latest trends in lock volume, MCT invites industry professionals to download the full report.

For a deeper analysis of these trends, download MCT’s full report: https://mct-trading.com/press-release/mct-reports-a-3-increase-in-mortgage-lock-volume-buoyed-by-refinance-activity/

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 perform under any market condition.

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

MEDIA CONTACT:
Ian Miller
Chief Marketing Officer
Mortgage Capital Trading
619-618-7855
pr@mctrade.net

MULTIMEDIA:

IMAGE link for media: https://mct-trading.com/wp-content/uploads/2024/10/mct-lock-volume-indices-31.png

NEWS SOURCE: Mortgage Capital Trading Inc.

To view the original story, visit: https://www.send2press.com/wire/mct-reports-3-increase-in-mortgage-lock-volume-refinance-activity-buoys-market/

MCT Reports a 3% Increase in Mortgage Lock Volume Backed by Increasing Refinance Activity

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced today a 3.33% increase in mortgage lock volume compared to the previous month. Despite a larger increase in rate/term volume, total mortgage volume remains relatively flat.

A recent quarter-point drop in conventional 30-year and government 30-year mortgage rates has triggered an increase of 103.19% in refinance activity compared to the previous month. This surge has helped stabilize overall production levels as total volume remains low, especially when compared to 2020 and 2021. Notably, the year-over-year comparison shows a moderate increase of about 21% in total volume, also driven by a dramatic rise in refinances over the previous year.

Industry experts suggest that many lenders may be pricing in the potential rate cuts expected during the upcoming Federal Reserve meeting.

Andrew Rhodes, Senior Director and Head of Trading at MCT, offered insights into the current market landscape: "We could see additional short-term market volatility as the Fed considers a 25 or 50 basis point rate cut. Friday's Nonfarm Payroll Report will provide further clarity on that decision."

Industry professionals and market enthusiasts are encouraged to download the full report from MCT for a comprehensive analysis of these market dynamics.

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.

For a deeper analysis of these trends, download MCT's full report: https://mct-trading.com/press-release/mct-reports-3-percent-mortgage-lock-volume-increased-refinance-activity/

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 perform under any market condition.

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

MEDIA CONTACT:
Ian Miller
Chief Marketing Officer
Mortgage Capital Trading
619-618-7855
pr@mctrade.net

Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced today a 3.33% increase in mortgage lock volume compared to the previous month. Despite a larger increase in rate/term volume, total mortgage volume remains relatively flat.

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

MCT Reports a 6% Mortgage Lock Volume Decrease in Latest Report

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced today a decrease of 5.67% in mortgage lock volume compared to the previous month. Industry professionals and enthusiasts are invited to download the complete report for comprehensive insights into the market dynamics.

Mortgage lock volume over the past eight weeks has continued to trend downward. This trend is consistent with a decrease in supply as we progress through the summer.

Looking ahead, the trend is expected to continue into the next month. Even as rates gradually decrease, many potential buyers may be holding off in anticipation of potentially better rates later in the year.

Additionally, a potential September rate cut has already been priced into the market, suggesting that if the Federal Reserve does cut rates in their September meeting, it may have little effect on mortgage rates.

Andrew Rhodes, Senior Director, Head of Trading at MCT, states, "Today's Nonfarm payroll report came in below expectations along with a higher than expected unemployment rate. If this trend continues, it is looking very likely the Federal Reserve will cut rates in their September meetings."

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.

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

Download the Complete Report at: https://mct-trading.com/press-release/mct-reports-a-6-percent-mortgage-lock-volume-decrease-in-latest-indices-report/

MULTIMEDIA:

IMAGE link for media: https://www.Send2Press.com/300dpi/24-0802-s2p-mct-chart-300dpi.jpg

Image caption: Lock Volume for July by Transaction Type.

MCT Media Contact:
Ian Miller
Chief Marketing Officer
Mortgage Capital Trading
619-618-7855
pr@mctrade.net

Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced today a decrease of 5.67% in mortgage lock volume compared to the previous month. Industry professionals and enthusiasts are invited to download the complete report for comprehensive insights into the market dynamics.

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

MCT Reports A 7% Mortgage Lock Volume Increase In Latest 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 6.78% 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.

As mortgage lock volume edges upward during the buying season, the mortgage industry continues to monitor economic indicators that will factor into the Federal Reserve's decision on how long to hold rates.

Early May economic indicators present a mixed bag, which could give the Federal Reserve reason to hold rates longer. While April's Consumer Price Index (CPI) aligned with predictions, the May Nonfarm Payroll report far exceeded forecasts with an additional 272,000 jobs.

The combination of the May Nonfarm Payroll and upcoming CPI report could suggest that the Federal Reserve will hold rates longer as they seek more consistent economic indicators pointing toward their goal of two percent inflation.

Andrew Rhodes, Senior Director and Head of Trading at MCT, stated, "The next couple of months will be key from a data standpoint as the Federal Reserve looks for a trend of inflation heading towards the goal of two percent. Considering the Nonfarm Payroll number that just came out, setting a trend is going to take more time. We're looking ahead to the May CPI print to see how the Fed is going to interpret both data points. Even with CPI coming in around expectation, the jobs number could likely push the FED to further delay their rate cuts."

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/mct-reports-a-7-percent-lock-volume-increase-in-latest-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 continue to revolutionize how mortgage assets are priced, locked, hedged, traded, and valued - offering clients the tools to perform 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/2024/06/mct-lock-volume-indices-20.png

Image Caption: Lock Volume for May by Transaction Type

Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced today an increase of 6.78% 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/

MCT Reports A 2% Lock Volume Increase Despite Rising Rates

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, today reported a 1.87% increase 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.

Amidst an environment of increasing rates, the increase in mortgage lock volume over the previous month illustrates a possible shift in public perception. Potential homebuyers appear to be adapting to the 7% interest rate, viewing it as a new normal. This increase is further supported by the seasonal uptick in real estate activity.

The persistence of housing demand, coupled with a stable market for home values, is instilling confidence among buyers who believe acquiring home equity will compensate for the higher rates.

Andrew Rhodes, Senior Director and Head of Trading at MCT, commented on recent market movements: "The market has rallied a point on the UM30 6's following the Federal Reserve's decision to stay the course with interest rates. While the outlook for the summer remains positive, it's closely tied to forthcoming economic reports. With April nonfarm payroll coming in lower than expected the Federal Reserve is waiting to see if this will become a trend or is just an outlier in terms of strength in jobs. The May CPI report, coming out on the 15th, will be particularly pivotal in determining the market's expectations in rate cuts sooner or later with some already pricing in cuts in September."

Download MCT May Indices Report:

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/mct-reports-a-2-percent-lock-volume-increase-despite-rising-rates/

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 continue to revolutionize how mortgage assets are priced, locked, hedged, traded, and valued - offering clients the tools to perform under any market condition.

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

Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, today reported a 1.87% increase 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/

MCT Reports A 15% Lock Volume Increase Heading Into Buying Season

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced today an increase of 15.36% 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.

Despite facing headwinds of increasing rates, mortgage lock volume continues its upward trajectory as we enter the buying season. Although rates currently stand at 7%, historically high compared to recent years, they are expected to decline, enticing buyers to make purchases now with the anticipation of refinancing when rates begin to drop.

While the recent months have witnessed a steady rise in lock volume, it's important to note that volumes remain on the lower end of the scale, resulting in perceived significant month-over-month increases. The lock volume indices reveal an 8% year-over-year increase, predominantly fueled by a 44% surge in refinances compared to this time last year.

Andrew Rhodes, Senior Director and Head of Trading at MCT, remarked, "Even amidst the challenges posed by higher rates, we continue to witness incremental increases in lock volume. Market expectations indicate a 50% chance for a rate cut in June. However, robust economic data in the coming months may delay rate cuts until July or September, potentially resulting in sideways or even lower production."

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/lock-volume-increase-15-percent-into-buying-season/.

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 continue to revolutionize how mortgage assets are priced, locked, hedged, traded, and valued - offering clients the tools to perform under any market condition.

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

High-res image of chart: https://mct-trading.com/wp-content/uploads/2024/04/mct-lock-volume-indices-12.png

Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced today an increase of 15.36% 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/

MCT Reports a 20.9% Increase In Mortgage Lock Volume Amidst Rising Rates

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, has reported a 20.9% increase in mortgage lock volume in February compared to the previous month. To gain comprehensive insights into the market dynamics, industry professionals and enthusiasts are invited to download the complete report.

This month's increase comes against a backdrop of rising interest rates, a robust jobs market, and a stronger-than-predicted CPI report. Despite the prevailing market conditions, the twenty percent increase in mortgage lock volume showcases positive buyer sentiment within the industry. However, it's important to note that this month-over-month uptick represents a relative change, reflective of the traditionally slower winter buying season.

Looking ahead, the Federal Reserve will closely monitor forthcoming non-farm payroll and inflation reports to inform decisions regarding potential rate adjustments. Andrew Rhodes, Senior Director and Head of Trading at MCT, emphasized the significance of these impending reports, stating, "The upcoming non-farm payroll and CPI reports will have a significant impact on the decision for the upcoming Fed meeting in terms of forward guidance. If we continue to see higher than anticipated job and inflation reports, we could see market expectations start to push rate cuts out to Q3 or later which could act to depress mortgage volume."\Bottom of Form

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/20-percent-increase-mortgage-lock-volume-amidst-rising-rates/.

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 continue to revolutionize how mortgage assets are priced, locked, hedged, traded, and valued - offering clients the tools to perform under any market condition.

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

Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, has reported a 20.9% increase in mortgage lock volume in February 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/

Mortgage Volume Continues Downward Trend in Latest MCT November 2023 Indices Report

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, reported today a drop of 17.76% in mortgage lock volume over the prior month.

Complete the form to download the full report: https://mct-trading.com/press-release/mortgage-volume-continues-downward-trend-in-latest-mct-november-indices-report/

Loan originations for October continued to dip as mortgage rates hovered around 8% and lack of housing supply continues to slow origination volume. While overall mortgage lock volume dropped more than 17% in October, cash out refinances did see a boost.

"Cash out refinances jumped more than 11% in October from the previous month," said Andrew Rhodes, Senior Director, Head of Trading at MCT. "However, given that cash out refinances are already at notable lows, I don't believe it to be statistically significant."

This trend is expected to play out through 2023 as the Fed paused rates at their November 1st meeting and indicated the potential for another rate hike before the end of the year.

"Multiple factors such as an 8% mortgage rate, the Fed's continued fight against inflation, and the industry's cyclical winter lull, shows we'll likely continue to see low origination volume heading into the new year," said Mr. Rhodes.

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, reported today a drop of 17.76% in mortgage lock volume over the prior month.

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/

MCTlive! Lock Volume Indices: July 2022 Data

SAN DIEGO, Calif. /ScoopCloud/ -- MCT®, the leader in capital markets software and services supporting more lenders with hedging and pipeline management solutions than any other single provider, is pleased to present the MCTlive! Lock Volume Indices for July 2022. MCT Data represents a balanced cross section of several hundred lenders among retail, correspondent, wholesale, and consumer direct channels.

A broad-based view of the entire market provides a more accurate picture of mortgage originations versus indices that are influenced by mega lenders. The July MCTlive! Lock Volume Indices is broken out by transaction type: purchase, rate/term refinance, and cash out refinance.

July MCTlive! Lock Volume Indices show that year-over-year total lock volume (-46.5 percent) continues to drop, as expected, when compared to the white-hot summer of 2021. However, the month-over-month rate/term refinance lock figure is up 11 percent versus June 2022 due to the recent bond market rally. Total mortgage rate locks by dollar volume decreased 1.5 percent in July, with purchase locks also declining 1.5 percent month-over-month and 8.9 percent from a year ago. Rate/term refinances are down 11.4 percent and cash out refinances are down 5.3 percent month-over-month. From one year ago, cash out refinance volume is down 77.9 percent, while rate/term refinance volume has dropped 94.2 percent. Given rate/term refinance volume was already down 90 percent year-over-year in the June MCTlive! Lock Volume Indices, this month's drop does not change the total much. Please note that loan sizes were up 8.3 percent over the past year, with the average loan amount increasing from $291k to $315k.

It is important to note that MCT's rate lock activity indices are based on actual dollar volume of locked loans, not number of applications. Especially in a tight purchase market, MCT believes its methodology (using actual loans locked vs. applications) is a more reliable metric. There is a higher likelihood of having multiple applications per funded loan, and prequals do not convert at as high of a rate in the current market as has historically been the case - especially when applications are counted at the early stage of entering a property address.

INDEX VALUES TO END JULY AS A PERCENTAGE BENCHMARKED TO THE START OF THE MONTH

Category | Month-Over-Month Index Value Change

Total: -1.50%

Purchase: -1.50%

Rate/Term Refinance: 11.36%

Cash Out Refinance: -5.28%

INDEX VALUE CHANGE YEAR-OVER-YEAR

Category | Year-Over-Year Index Value Change

Total: -46.53%

Purchase: -8.94%

Rate/Term Refinance: -94.17%

Cash Out Refinance: -77.87%

MCT will be publishing the MCTlive! Mortgage Lock Volume Indices monthly, intending the data to serve as an enduring informational tool for industry participants, analysts, and watchers.

About MCT:

Founded in 2001, Mortgage Capital Trading, Inc. (MCT) ® has grown from a boutique mortgage pipeline hedging firm into the industry's leading provider of fully integrated capital markets services and technology. MCT's offerings include mortgage pipeline hedging, best execution loan sales, business intelligence and analytics, outsourced lock desk solutions, MSR valuation, hedging, and bulk sales, and the world's first, truly open marketplace for loan sales. MCT supports independent mortgage bankers, depositories, credit unions, warehouse lenders, and correspondent investors of all sizes within its award-winning digital platform, MCTlive! ®. Headquartered in sunny San Diego, MCT also has offices in Healdsburg, CA, Philadelphia, PA and Texas.

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

MCT®, the leader in capital markets software and services supporting more lenders with hedging and pipeline management solutions than any other single provider, is pleased to present the MCTlive! Lock Volume Indices for July 2022. MCT Data represents a balanced cross section of several hundred lenders among retail, correspondent, wholesale, and consumer direct channels.

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