![\"MCT](\"https:\/\/www.send2press.com\/wire\/images\/22-0311-s2p-mctrading-800x600.jpg\")
Image Caption: MCT – Mortgage Capital Trading.<\/em><\/p>\n
Download the complete report: https:\/\/mct-trading.com\/press-release\/mortgage-lock-volume-dips-rising-rates-mct-indices\/<\/a><\/p>\n The slight dip in mortgage lock volume is likely attributed to an increase in mortgage rates through the last month.<\/p>\n \u201cThe summer buying season may have provided a nice backstop to prevent lock volume from dropping further this month,\u201d said Andrew Rhodes, Senior Director, Head of Trading at MCT. \u201cIf we continue into this restrictive territory through the winter buying season, we could see additional contraction through the rest of 2023.\u201d<\/p>\n The Fed\u2019s July decision to raise the Federal Funds Rate has contributed to a one-year high for mortgage rates. Friday\u2019s 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.<\/p>\n As we move into the mortgage industry\u2019s natural winter slowdown, eyes will be on the Fed for communication that we\u2019ve reached the terminal Federal Funds Rate.<\/p>\n \u201cAny indication from the Fed that we\u2019ve reached the terminal rate will trigger a reprieve in rates,\u201d said Mr. Rhodes. \u201cIn turn, market participants will begin to step back in and provide stability.\u201d<\/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.<\/p>\n 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
![https:\/\/www.Send2Press.com\/300dpi\/22-0311-s2p-mcttrad-300dpi.jpg<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"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.<\/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":[19508,10175],"class_list":["post-93067","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-mct-indices-report","tag-mortgage-hedge-advisory","has-post-title","has-post-date","no-post-category","no-post-tag","no-post-comment","has-post-author"],"acf":[],"views":2956,"_links":{"self":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/93067","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=93067"}],"version-history":[{"count":0,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/93067\/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=93067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/categories?post=93067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/tags?post=93067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/www.send2press.com\/300dpi\/22-0311-s2p-mcttrad-300dpi.jpg\"){kind=link}