Market Advantage mortgage data report News from Send2Press Newswire

Market Advantage mortgage data report News

News items related to Market Advantage mortgage data report as issued by the Send2Press Newswire service on behalf of the noted news source.

Falling Home Prices and Purchase Mortgage Locks Reveal a Stagnant Late-Spring Housing Market

Wed, 10 Jul 2024, 06:00:17 EDT | From: Optimal Blue

PLANO, Texas, July 10, 2024 (SEND2PRESS NEWSWIRE) — Optimal Blue today released its June 2024 Market Advantage mortgage data report, which revealed a stagnant late-spring housing market as home prices dropped for the first time in 2024 and purchase lock counts fell 8% over the previous year. All mortgage lock figures in this news release have been controlled for fewer market days in June.

Mortgage Interest Rate Sensitivity Triggers 25% Spike in May Rate-and-Term Refinance Activity

Thu, 13 Jun 2024, 06:00:18 EDT | From: Optimal Blue

PLANO, Texas, June 13, 2024 (SEND2PRESS NEWSWIRE) — Optimal Blue today released its May 2024 Market Advantage mortgage data report, which revealed a 25.6% month-over-month (MoM) spike in rate-and-term mortgage refinances. The spike was a response to a modest drop in the Optimal Blue Mortgage Market Indices (OBMMI) 30-year conforming rate, which ended the month at 7.02%.