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Lock Trends by Product - MTD 9/23 vs 8/23

Lock Trends by Product - MTD 9/23 vs 8/23

Looking at seasonal trends, we tend to normally see production slow down during the summer months. The tail end of this summer was slightly different as we saw an increase in production due to the status of rates. Month over month we wanted to see what products would take the top of the leader board with the increase in production. Taking a high level look, it seems there was a further shift into Government products and a slight shift out of Conventional. The 30 year products for both were far and away the dominant products, taking up 90% of the volume MTD.  The remaining products by loan amt this month were compiled of assorted Conventional products with minimal market share. 

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