Jumbos, Refis Lead Weekly Mortgage Market Index Up
DALLAS -- (April 20, 2015) After three consecutive weeks of decline, new home borrowing activity saw a boost -- with jumbo and refinance loans leading the week-over-week change.
Purchase Off Again in Weekly Mortgage Market Index
DALLAS -- (April 13, 2015) Borrowing activity on home purchases was down for the third consecutive week, though jumbo and refinance were the hardest-hit categories on a week-over-week basis.
Weekly Mortgage Market Index Up from Year Prior
DALLAS -- (April 5, 2015) New home borrowing activity was curtailed by seasonal events, and the adjustable-rate and refinance categories had the steepest declines. But business was stronger than a year earlier.
Mortgage Market Index Retreats, Jumbo Up
DALLAS -- (March 30, 2015) Although interest rates improved this past week, new mortgage activity slowed down. One bright spot, however, was jumbo business.
Nonbanks Dominate Hirings in Mortgage Employment Index
DALLAS -- (March 25, 2015) Mortgage industry staffing expanded during the fourth-quarter 2014, with non-bank lenders responsible for many of the hirings. Banks saw the biggest mortgage layoffs.
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.