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September Mortgage Rate Locks Fall 13.29%, MCT Says

With rates and home prices still on an upward trajectory, mortgage lock volume slid 13.29% in September, according to advisory firm Mortgage Capital Trading. So reports MortgageOrb.

arrow down icon 157360 1280That’s steeper than August’s month-over-month decline of 4.76%.

“We are hopeful that we will get some better sentiment from the Fed in either its November or December meeting which would allow for some relief for rates," Andrew Rhodes, head of trading at MCT, said in a statement.

Read the full article from MortgageOrb.

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