Refinances Up in Weekly Mortgage Market Index
DALLAS -- (March 23, 2015) Mortgage business was lifted by an improvement in interest rates. Leading the week-over-week gain was refinance activity.
10-Month High for Purchases in Mortgage Market Index
DALLAS -- (March 16, 2015) Home lending activity staged a slight comeback despite a bump in interest rates. Meanwhile, purchase financing activity climbed to the highest level in 10 months.
Biggest U.S. Mortgage Firms
DALLAS -- (March 16, 2015) While there was no change in the top-five ranking of home lenders, the concentration of business among the 10 largest lenders dropped. Banks gave up significant market share to nonbanks and credit unions.
Weekly Mortgage Market Index Down, But Purchases Up
DALLAS -- (March 9, 2015) Home loan rates ticked up this past week, driving down overall activity -- especially refinances. The only category not to lose ground from the previous week was purchase financing.
Weekly Mortgage Market Index Moves Higher
DALLAS -- (March 2, 2015) An expected recovery from the holiday week hit mortgage lending, with inquiries for refinances making the strongest comeback. Refinances also led an even more impressive year-over-year gain.
Weekly Mortgage Market Index Improves from Year Ago
DALLAS -- (Feb. 23, 2015) Presidents' Day, along with rate deterioration, took a toll on new mortgage activity. But business was still better than a year ago.
Rate Spike Hurts Weekly Mortgage Market Index
DALLAS -- (Feb. 16, 2015) Home loan rates turned higher this past week, significantly depressing new refinancing activity and dragging overall business lower.
Weekly Mortgage Market Index Declines, Jumbo Leads
DALLAS -- (Feb. 9, 2015) Despite an improvement in interest rates, new mortgage activity slumped this past week -- and jumbo mortgage business led the decline.
FHA Leads Weekly Mortgage Market Index Up
DALLAS -- (Feb. 2, 2015) Weekly mortgage activity turned higher, and government-insured business saw the biggest improvement for the second week in a row.
FHA Activity Up as Mortgage Market Index Off
DALLAS -- (Jan. 26, 2015) Activity on prospective new mortgages declined this past week. But one category, loans insured by the Federal Housing Administration, moved higher.