MCT reports a 3.17% rise in mortgage lock volume in September, driven by refinance activity.

Mortgage Capital Trading (MCT) reported a 3.17% rise in mortgage lock volume in September, driven primarily by increased refinance activity. This uptick countered the typical decline in purchase locks after the summer season. MCT's Senior Director noted that further declines in mortgage rates are essential for boosting refinance activity. MCT continues to support mortgage professionals with insights to navigate changing market conditions.

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