By: Tabitha Berg
(PLANO, Texas) — NEWS: Optimal Blue today released its August 2026 Market Advantage mortgage data report, which found that mortgage activity continued to soften in August even as rates leveled off. Total rate-lock volume declined 9% month over month (MoM) and slipped 3% below August 2025 levels. Purchase lock volume fell 10% from July but remained 6% higher year over year (YoY), with purchase loans accounting for nearly 81% of total lock volume. Refinance share ended the month at more than 19% of total production, while rate-and-term refinance volume dropped 47% YoY and declined 13% MoM.