(PLANO, Texas) — NEWS: Optimal Blue today released its July 2026 Market Advantage mortgage data report, which found that mortgage activity softened as rising rates weighed on both purchase and refinance demand. Mortgage servicing rights (MSRs) for conforming 30-year loans increased 2 bps to 1.34%, moving in line with rates. * Conforming share keeps shrinking: Conforming share declined to 47% of total production, down 135 bps from June and nearly 5 percentage points from a year ago. The spread between the 10-year Treasury and the OBMMI 30-year conforming rate narrowed 5 bps to 197 bps. * MSRs move with rates: MSRs for conforming 30-year loans increased 2 bps to 1.34%, representing a 5.38 multiple.