At the tail end of 2024, mortgage borrowers shifted their attention away from conforming mortgages and toward refinance opportunities. A report released Tuesday by Optimal Blue found that the conforming loan share sank to historic lows in December.

Optimal Blue’s December 2024 Market Advantage report is a monthly study that analyzes key indicators to provide insights into U.S. mortgage market trends. The report uses lender rate-lock data from the company’s product and pricing engine (PPE).

According to Optimal Blue, December mortgage lock volume was up 26% year over year, but it was down 8% from November. The yearly details ⇒

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