Optimal Blue Originations Market Monitor: Locks Decline in September Due to Seasonal Purchase Declines, Rates Hit Multi-Decade Highs
PLANO, Texas, Oct. 12, 2023 /PRNewswire-PRWeb/ -- Today, Optimal Blue announced the release of its Originations Market Monitor report, looking at mortgage origination data through September month-end. Leveraging daily rate lock data from the Optimal Blue PPE – the industry's most widely used product, pricing, and eligibility engine – the Originations Market Monitor provides a comprehensive and timely view into origination activity.
- SUMMARY: Optimal Blue released its September Originations Market Monitor, with data showing a 20% decline in rate lock volumes in September, attributed to a seasonal decline in purchase activity and further rising interest rates.
- Rates climbed to multi-decade highs in September, sitting at roughly a quarter point higher than they were in fall of 2022.
- Access the full report: OMM-Report_September2023
PLANO, Texas, Oct. 12, 2023 /PRNewswire-PRWeb/ -- Today, Optimal Blue announced the release of its Originations Market Monitor report, looking at mortgage origination data through September month-end. - View the Optimal Blue Originations Market Monitor report for more detail on September's activity: OMM-Report_September2023 .