Summer Lock Trends MTD

Summer Lock Trends MTD

Summer is in full swing and even with people taking time off to head to the beach, the purchase market is holding strong with a slight volume advantage over refinance market by about 6%.  Within this trend breakdown, we are also seeing current month locks increase to $55.2B, down $2.9 billion from the pace for the same period in June.  Among product groups, the 30-year government loan market share dropped a little over 5% MTD, losing share to Conventional 30 and 15 year products.  Despite the share loss, government products are still by far and away the top volume performers.

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