Tag: secondary mortgage markets News
October Mortgage Lock Data Shows Resilience and Cracks in the Mortgage Market as Interest Rates Tick up 65 Basis Points |...
PLANO, Texas /California Newswire/ -- Optimal Blue today released its October 2024 Market Advantage mortgage data report, highlighting resilient purchase activity in the face of rising interest rates and affordability challenges. Despite a 65-basis-point (bps) increase in the Optimal Blue Mortgage Market Indices (OBMMI) 30-year conforming rate, purchase lock volume grew by 12% month over month (MoM), signaling strong demand among homebuyers.
Patented Fintech Allows Mortgage Buyers to Transact with Any Seller on MCT Marketplace
SAN DIEGO, Calif. /California Newswire/ -- Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, today announced that the company has been awarded a patent for the security spread commitment used in the industry's largest mortgage asset exchange: MCT Marketplace. The security spread commitment transforms loan auctions, turning shadow bids into executable prices.
