SUMMARY: Rate lock volume drops 11% in June and is now down over 40% thanks to refis falling off a cliff, residential real estate deals fell apart at the highest rate since April 2020 last month, and a new financial product is hoping to keep lumber prices from fluctuating so much... 

Sources:

• Rate Lock Volume Falls 11% in June
• Lumber Futures Are Getting a Makeover
• Home Sales Are Getting Canceled at the Highest Rate Since the Start of the Pandemic

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201