Weekly Mortgage Market Index Recovers from Holiday
DALLAS -- (Dec. 5, 2016) As expected, new home-lending activity bounced back from the holiday week. Refinance and adjustable-rate business were the biggest beneficiaries, while jumbo activity took the biggest hit.
Weekly Mortgage Market Index Falls in Holiday Week
DALLAS -- (Nov. 28, 2016) The holiday week had a significantly negative impact on new mortgage activity, though business held up from a year ago. Leading the week-over-week decline was refinance business.
Weekly Mortgage Market Index Down on Rising Rates
DALLAS -- (Nov. 21, 2016) Increasing interest rates on residential loans negatively impacted new weekly mortgage business. But, as is typical in a rising-rate environment, demand for adjustable-rate mortgages strengthened.
Purchases Lead Weekly Mortgage Market Index Up
DALLAS -- (Nov. 14, 2016) Home purchase financing activity drove overall new mortgage activity to the highest level in more than three months. Adjustable-rate activity soared by a quarter.
Weekly Mortgage Market Index Down, But Refis Rise
DALLAS -- (Nov. 7, 2016) An increase in refinance activity more than offset a week-over-week slump in purchase financing as prospective refinance borrowers rushed to lock in their rates.
Weekly Mortgage Market Index Down on Refinances
DALLAS -- (Oct. 31, 2016) Mortgage refinance transactions were behind a weekly decline in new residential lending activity. But financing activity for home shoppers managed an increase.
Weekly Mortgage Market Index Up, Refinances Lead
DALLAS -- (Oct. 24, 2016) Refinancing activity led the way as the U.S. Mortgage Market Index from OpenClose and Mortgage Daily bounced back from the holiday week. Year-over-year activity, especially refinance business, was solidly higher.
Weekly Mortgage Market Index Down on Holiday
DALLAS -- (Oct. 17, 2016) As expected, new residential lending activity slowed during the holiday week, with purchase financing and refinancing activity both taking a similar hit. Jumbo business fared worst.
Weekly Mortgage Market Index Dips on Refinances
DALLAS -- (Oct. 10, 2016) A week-over-week slowdown in refinancing activity helped pull down overall new mortgage activity. But one category -- jumbo business -- turned positive for the week.
7-Week High for Mortgage Market Index
DALLAS -- (Oct. 3, 2016) New residential loan activity ascended to the highest level in seven weeks, and conventional refinance business drove the week-over-week gain.