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Newswire: Mortgage Lock Activity Fell in November as Interest Rates Hit Their Highest Levels Since July

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Category: Send2Press NewsWire Distribution Service
PLANO, Texas, Dec. 10, 2024 (SEND2PRESS NEWSWIRE) -- Optimal Blue today released its November 2024 Market Advantage mortgage data report, highlighting a 25% decrease in month-over-month (MoM) lock volume as interest rates hit their highest levels since early July, creating headwinds for affordability. Purchase lock volume was down 21% MoM, while cash-out and rate-and-term refinance volumes fell 20% and 50%, respectively.
Newswire: Mortgage Lock Activity Fell in November as Interest Rates Hit Their Highest Levels Since July


Posted: 2024-12-10 11:00:59

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newswire | mortgage | lock | activity | fell


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