Optimal Blue News Today

Spike suggests homeowners with rates above 7% feel pinched and are sensitive to even modest interest rate movements.

PLANO, Texas, June 10, 2024 (SEND2PRESS NEWSWIRE) - Optimal Blue today announced the appointment of Joe Tyrrell as CEO. Tyrrell succeeds interim CEO

- Mortgage Technology Veteran Brings Passion for Customers and Innovation to the Leader in Comprehensive Capital Markets Technology -

ENewsChannels NEWS: -- Optimal Blue today announced the appointment of Joe Tyrrell as CEO. Tyrrell succeeds interim CEO Scott Smith of Optimal Blue's parent company, Constellation Software Inc. Tyrrell brings over 25 years of experience in the mortgage, finance, and technology industries to Optimal Blue. :: News from eNewsChannels

Rate locks have increased every month this year, but May's pace came in more subdued than early-year numbers, according to Mortgage Capital Trading.

Employers added 272,000 jobs in May, far exceeding the consensus view among economists that payrolls would rise by 180,000 and the average of 232,000 over the past year.

In less than a week, a series of reports has changed the outlook for the timing and magnitude of future Fed rate cuts, sending mortgage rates into a five-day tailspin.

Bond market investors who fund most mortgages shrugged off hawkish remarks by Federal Reserve Governor Christopher Waller that he wants to see "several more months of good inflation data" before cutting rates.

National constant-quality home prices in April 2024 were up 1.2% from a month ago and 6.0% from a year ago (not seasonally adjusted)....

We've resurged our leadership in mortgage technology innovation to cultivate more value for our clients by helping them further protect margin profitability across the capital markets life cycle.