Tracking The News
Lock Volume Increased Across The Board In January
January MCTlive! Lock Volume Indices show that lock volume increased across the board for the month. Purchase lock activity was up nearly 110% compared to December, rate/term refinance volume was up 124%, and cash-out refinance volume was up 93%. Lock activity in total was up 109% versus December. Though December lock activity is traditionally low, with many people focused on the holidays during the final week of the month, the lock figures for January clearly show some positive rate elasticity. As the Fed reaches its terminal fed funds rate for this cycle, we should see downward pressure on mortgage rates, which will only help increase origination activity.
Industry Awards
We Are Looking To Honor Next Gen Leaders. Get Recognized
We think it’s critical to recognize those that are making a difference that have been in the business fifteen years or less. They deserve this award. APPLY TODAY!
The 2023 Awards Calendar
This year PROGRESS in Lending will continue its rich tradition of recognizing true excellence in mortgage lending. Here’s the full 2023 calendar …
My Mortgage Mindset
Tomorrow’s Mortgage Executive
The Power Of AI
This edition of our magazine tackles pressing issues such as …
Today’s Lending Insight
Predicting Future Conditions
This issue of our newspaper tackles pressing issues such as …
The Lending Buzz Podcast
Podcast: Technology To The Rescue
Welcome to the Lending Buzz, the podcast that gives you the latest news, trends, insights and strategies to help you grow your business. Check it out …
