{"id":103366,"date":"2024-02-02T14:55:11","date_gmt":"2024-02-02T19:55:11","guid":{"rendered":"https:\/\/www.send2press.com\/wire\/?p=103366"},"modified":"2024-02-02T14:51:01","modified_gmt":"2024-02-02T19:51:01","slug":"monthly-mortgage-volume-increases-13-96-in-latest-mct-indices-report","status":"publish","type":"post","link":"https:\/\/www.send2press.com\/wire\/monthly-mortgage-volume-increases-13-96-in-latest-mct-indices-report\/","title":{"rendered":"Monthly Mortgage Volume Increases 13.96% In Latest MCT Indices Report"},"content":{"rendered":"

SAN DIEGO, Calif., Feb. 2, 2024 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT\u00ae), 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.<\/a><\/p>\n

\"Monthly
Image caption: Latest MCT Indices Report.<\/em><\/p>\n

For the first time since June 2023, MCT\u00ae 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.<\/p>\n

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, \u201cThe recent decrease in mortgage rates and increase in refinance volume hasn\u2019t 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.\u201d<\/p>\n

To access the comprehensive insights provided by MCT\u2019s Lock Volume Indices, interested parties are encouraged to download the full report<\/a> – https:\/\/mct-trading.com\/press-release\/monthly-mortgage-volume-increases-13-96-in-latest-mct-indices-report\/<\/a>.<\/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

Image link for media: https:\/\/mct-trading.com\/wp-content\/uploads\/2024\/02\/mct-lock-volume-indices-7.png<\/a><\/p>\n

Caption: Monthly Mortgage Volume Increases 13.96% In Latest MCT Indices Report<\/p>\n

LOGO link for media: https:\/\/www.Send2Press.com\/300dpi\/22-0311-s2p-mcttrad-300dpi.jpg<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

SAN DIEGO, Calif., Feb. 2, 2024 (SEND2PRESS NEWSWIRE) — 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.<\/p>\n","protected":false},"author":5216,"featured_media":103358,"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":[3673,19508],"class_list":["post-103366","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-housing-market","tag-mct-indices-report","has-post-title","has-post-date","no-post-category","no-post-tag","no-post-comment","has-post-author"],"acf":[],"views":2384,"_links":{"self":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/103366","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=103366"}],"version-history":[{"count":0,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/103366\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media\/103358"}],"wp:attachment":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media?parent=103366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/categories?post=103366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/tags?post=103366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}