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Mortgage lock volume slightly declined in February, but purchase activity remained steady despite lower refinances.
Mortgage Capital Trading reported a slight 0.12% drop in February's mortgage lock volume compared to January.
Despite a decline in refinance activity, purchase volume stayed stable, keeping overall production unchanged.
Refinance volumes increased at the end of January, likely due to the holiday season.
Upcoming reports on job and inflation data may affect mortgage rates in the coming months.
The report offers insights for industry professionals.
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El volumen de bloqueo hipotecario disminuyó ligeramente en febrero, pero la actividad de compra se mantuvo estable a pesar de las refinanciaciones más bajas.