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Rate-and-Term Refinance Locks Surge 700% Over Previous Year Following the FOMC’s September Interest Rate Reduction

PLANO, Texas, Oct. 8, 2024 (SEND2PRESS NEWSWIRE) -- Optimal Blue today released its September 2024 Market Advantage mortgage data report, which found a 50% month-over-month (MoM) increase in rate-and-term refinance activity as people who purchased homes in recent years jumped at the opportunity to lower their interest rates and mortgage payments. While the Federal Open Market Committee (FOMC) lowered its target federal funds rate by 50 bps on Sept. 18, the market had already priced in a portion of the rate reduction, leading to a full month of increased refinance activity in September.

MCT Reports 3% Increase in Mortgage Lock Volume, Refinance Activity Buoys Market

SAN DIEGO, Calif., Oct. 3, 2024 (SEND2PRESS NEWSWIRE) -- Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced today a 3.17% increase in mortgage lock volume compared to the previous month. The report highlights key market dynamics, offering industry professionals valuable insights. Industry professionals and enthusiasts are invited to download the complete report for comprehensive insights into the market dynamics.

iEmergent revises 2024-2026 U.S. Mortgage Origination Forecast downward

DES MOINES, Iowa, Sept. 25, 2024 (SEND2PRESS NEWSWIRE) -- iEmergent, a forecasting and advisory services firm for the financial services, mortgage and real estate industries, today announced downward revision of its 2024-2026 U.S. Mortgage Origination Forecast. Updated to reflect ongoing economic conditions, iEmergent now expects lower-than-anticipated growth for the next two years, particularly in the purchase mortgage market, while refinance volumes are projected to rise due to a gradual decline in mortgage interest rates.

ProPair’s Q2 2024 Impact Study Reveals Significant Gains in Sales Conversions with Predictive Lead Assignments

SAN CARLOS, Calif., Sept. 19, 2024 (SEND2PRESS NEWSWIRE) -- ProPair, the fastest way for marketing and sales leaders to implement predictive AI, has released its Q2 2024 Impact Study, showcasing a substantial 46% improvement in sales conversions using Predictive Lead Assignments compared to standard lead assignment methods. This breakthrough underscores the growing importance of data-driven decision-making in sales strategies.

Critical Defect Rate Rises to 1.58%, Per ACES Mortgage QC Industry Trends Report

DENVER, Colo., Sept. 19, 2024 (SEND2PRESS NEWSWIRE) -- ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, announced the release of its quarterly ACES Mortgage QC Industry Trends Report covering the first quarter (Q1) of 2024. The latest report analyzes post-closing quality control data derived from ACES Quality Management & Control® software.

August 2024 Bounces Back with a 22% Increase in New Planned Capital Projects from Previous Month

JACKSONVILLE, Fla., Sept. 10, 2024 (SEND2PRESS NEWSWIRE) -- Industrial SalesLeads announced today the August 2024 results for the new planned capital project spending report for the Industrial Manufacturing industry. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 168 new projects as compared to 138 projects the previous month.

Rate-and-Term Refinances Surge 109% MoM in August as Mortgage Rates Decline

PLANO, Texas, Sept. 10, 2024 (SEND2PRESS NEWSWIRE) -- Optimal Blue today released its August 2024 Market Advantage mortgage data report, which reveals an overall 1% rise in rate lock volume despite the typical seasonal slowdown in purchase lending. Lock volume growth was driven by a surge in refinance activity as homeowners reacted to declining mortgage rates.

MCT Reports a 3% Increase in Mortgage Lock Volume Backed by Increasing Refinance Activity

SAN DIEGO, Calif., Sept. 4, 2024 (SEND2PRESS NEWSWIRE) -- Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced today a 3.33% increase in mortgage lock volume compared to the previous month. Despite a larger increase in rate/term volume, total mortgage volume remains relatively flat.

Summer Slowdown Hits in July 2024 with 138 New Industrial Manufacturing Planned Industrial Projects

JACKSONVILLE BEACH, Fla., Aug. 13, 2024 (SEND2PRESS NEWSWIRE) -- Industrial SalesLeads announced today the July 2024 results for the new planned capital project spending report for the Industrial Manufacturing industry. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 138 new projects as compared to 164 in June.

July Refinance Activity Hits Highest Levels Since September 2022

PLANO, Texas, Aug. 12, 2024 (SEND2PRESS NEWSWIRE) -- Optimal Blue today released its July 2024 Market Advantage mortgage data report, which revealed that mortgage refinance demand surged to levels not seen since September 2022 amid softening interest rates. The lower interest rates seen in July also coaxed increased purchase activity, which, combined with greater refi activity, drove a 3.5% month-over-month (MoM) increase in mortgage rate lock volumes.

MCT Reports a 6% Mortgage Lock Volume Decrease in Latest Report

SAN DIEGO, Calif., Aug. 2, 2024 (SEND2PRESS NEWSWIRE) -- Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced today a decrease of 5.67% in mortgage lock volume compared to the previous month. Industry professionals and enthusiasts are invited to download the complete report for comprehensive insights into the market dynamics.

Restrictive Policies Contribute to California’s Low Construction Employment Ranking

SACRAMENTO, Calif., July 31, 2024 (SEND2PRESS NEWSWIRE) -- The construction unemployment rate in California stands at 3.9% through June 2024. While this marks a decrease in a year, a deeper review of the numbers shows that only 7 states have seen their unemployment rates improve slower than California, according to a state-by-state analysis of U.S. Bureau of Labor Statistics data released today by the Associated Builders and Contractors (ABC). "While the industry is pleased with a relatively low unemployment rate, we wonder how much lower it could be if we simply adopted policies consistent with the rest of the nation," said John Morris, President and CEO, ABC Northern California Chapter (ABC NorCal).

Federal funds fuel quarterly growth in U.S. down payment assistance programs, which now number 2,415

ATLANTA, Ga., July 23, 2024 (SEND2PRESS NEWSWIRE) -- Down Payment Resource (DPR), the housing industry authority on homebuyer assistance program data and solutions, today released its Q2 2024 Homeownership Program Index (HPI) report. The Q2 report saw the national homebuyer assistance programs increase by 42 to 2,415 - the highest count on record. Much of this quarter's increase in program count was due to local agencies pulling more heavily from federal funding to support homebuyer assistance.

LenderLogix Q2 2024 Homebuyer Intelligence Report Data Shows Home Buying Activity and Fees Collected by Fee Chaser Remain Steady Thus Far in 2024

BUFFALO, N.Y., July 16, 2024 (SEND2PRESS NEWSWIRE) -- LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, today announced the latest release of the Homebuyer Intelligence Report, a quarterly summary of insights into borrower behavior during the home buying process based on data collected by the LenderLogix suite of tools. The latest report covers data collected during the pre-approval and borrower application process during the second quarter (Q2) of 2024.

Falling Home Prices and Purchase Mortgage Locks Reveal a Stagnant Late-Spring Housing Market

PLANO, Texas, July 10, 2024 (SEND2PRESS NEWSWIRE) -- Optimal Blue today released its June 2024 Market Advantage mortgage data report, which revealed a stagnant late-spring housing market as home prices dropped for the first time in 2024 and purchase lock counts fell 8% over the previous year. All mortgage lock figures in this news release have been controlled for fewer market days in June.

Direct Mail Benchmark Report 2024 reveals 61% of marketers have increased direct mail investments in the last year

MINNEAPOLIS, Minn., July 9, 2024 (SEND2PRESS NEWSWIRE) -- New industry research commissioned by SeQuel Response and conducted by ISG Research shows 61% of marketers have increased direct mail investments in the last year, up 12% from 2023 data. The 2024 Direct Mail Marketing Benchmark Report provides an analysis of the current direct mail marketing landscape.

New Industrial Manufacturing Projects Third Month in a Row of Growth with 164 New Projects for June 2024

JACKSONVILLE BEACH, Fla., July 9, 2024 (SEND2PRESS NEWSWIRE) -- Industrial SalesLeads announced today the June 2024 results for the new planned capital project spending report for the Industrial Manufacturing industry. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 164 new projects as compared to 147 in May and 110 in April.

Critical Defect Rate Declines Five Straight Quarters, Ending 2023 at 1.53%, Per ACES Mortgage QC Industry Trends Report

DENVER, Colo., June 20, 2024 (SEND2PRESS NEWSWIRE) -- ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, announced the release of its quarterly ACES Mortgage QC Industry Trends Report covering the fourth quarter (Q4) and calendar year (CY) of 2023. The latest report analyzes post-closing quality control data derived from ACES Quality Management & Control® software.

Mortgage Interest Rate Sensitivity Triggers 25% Spike in May Rate-and-Term Refinance Activity

PLANO, Texas, June 13, 2024 (SEND2PRESS NEWSWIRE) -- Optimal Blue today released its May 2024 Market Advantage mortgage data report, which revealed a 25.6% month-over-month (MoM) spike in rate-and-term mortgage refinances. The spike was a response to a modest drop in the Optimal Blue Mortgage Market Indices (OBMMI) 30-year conforming rate, which ended the month at 7.02%.

Kiosk Machine Industry June 2024: Self Service Kiosk Machine – InfoComm Preview and Acrelec Feature

WESTMINSTER, Colo., June 10, 2024 (SEND2PRESS NEWSWIRE) -- Kiosk Manufacturer Association News: See our Preview of InfoComm 2024 - See 22Miles, Peerless-AV, LG and Panasonic to name some. Biggest AV show of the year (along with ISE in Barcelona). We work with AVIXA as a main partner of ours.

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