Posted To: Pipeline Press

Today (Tuesday), while Washington DC “sucks the air out of the room,” welcome to the Autumn Solstice (Equinox) in the U.S., the day when the Sun appears to cross the celestial equator, heading southward. Others know it as halfway between the day with the most sunlight in June and the day with the least (December 22), or when night and day are the same length. What isn’t the “same” are lock volumes. According to Informa Financial Intelligence , August 2020 mortgage rate-lock volume was up 39% YoY but down -6% MoM across all channels, while funded volume increased 39% YoY and 2% MoM. It reports retail lock volume increased 36% YoY and funded volume was up 57% YoY. If yours didn’t, well, catch up! The industry talk continues to revolve around lock volumes (“ops…(read more)

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Source: Mortgage News Daily