✉news BusinessReal Estate first seen 6 h ago, last 3 h ago, peak #24
Treasury volatility sends mortgage rate lock volumes plunging
Original: Volatile Treasury market sends mortgage rate lock volumes plunging in September
Mortgage rate lock volumes fell sharply in September, a downturn attributed to turbulence in the US Treasury market. Treasury yields drive mortgage pricing, and the swings of recent weeks have made lenders and borrowers hesitant, cutting the number of locked loans industry-wide.
Why now: Treasury market volatility is directly squeezing mortgage lending activity, affecting homebuyers and the housing market.
US Treasury marketmortgage lenders
Rank over time, top of the chart is #1. 2 snapshots from 5 h ago to 3 h ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/1356938