![\"MCT](\"https:\/\/www.send2press.com\/wire\/images\/22-0311-s2p-mctrading-800x600.jpg\")
Image Caption: MCT – Mortgage Capital Trading.<\/em><\/p>\n
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\/<\/a><\/p>\n 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.<\/p>\n \u201cCash out refinances jumped more than 11% in October from the previous month,\u201d said Andrew Rhodes, Senior Director, Head of Trading at MCT. \u201cHowever, given that cash out refinances are already at notable lows, I don\u2019t believe it to be statistically significant.\u201d<\/p>\n 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.<\/p>\n \u201cMultiple factors such as an 8% mortgage rate, the Fed\u2019s continued fight against inflation, and the industry\u2019s cyclical winter lull, shows we\u2019ll likely continue to see low origination volume heading into the new year,\u201d said Mr. Rhodes.<\/p>\n MCT\u2019s 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\u2019s national footprint.<\/p>\n About MCT:<\/strong><\/p>\n 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\u2019s stewardship. MCT\u2019s technology and know-how continues to revolutionize how mortgage assets are priced, locked, protected, valued, and exchanged \u2013 offering clients the tools to thrive under any market condition.<\/p>\n For more information, visit https:\/\/mct-trading.com\/<\/a> or call (619) 543-5111.<\/p>\n MULTIMEDIA:<\/p>\n
![https:\/\/www.Send2Press.com\/300dpi\/22-0311-s2p-mcttrad-300dpi.jpg<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"SAN DIEGO, Calif., Nov. 3, 2023 (SEND2PRESS NEWSWIRE) — 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.<\/p>\n","protected":false},"author":5216,"featured_media":79836,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[39,12804,1,10,38,264,78],"tags":[8122,18424],"class_list":["post-101460","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mortgage-news","category-ap","category-business-news","category-california-news","category-finance-news","category-research-reports-news","category-san-diego-news","tag-capital-markets","tag-mortgage-lock-volume-indices","has-post-title","has-post-date","no-post-category","no-post-tag","no-post-comment","has-post-author"],"acf":[],"views":3493,"_links":{"self":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/101460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/users\/5216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/comments?post=101460"}],"version-history":[{"count":0,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/101460\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media\/79836"}],"wp:attachment":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media?parent=101460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/categories?post=101460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/tags?post=101460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/www.send2press.com\/300dpi\/22-0311-s2p-mcttrad-300dpi.jpg\"){kind=link}