Conventional Leads Rise in Mortgage Market Index
DALLAS -- (April 16, 2018) Conventional activity led a week-over-week increase in new mortgage business. Rate-term refinance share descended to a new record low, while purchase share was the highest it's been in six months.
Record FHA Share in Mortgage Market Index Report
DALLAS -- (April 9, 2018) The share of prospective borrowers seeking loans insured by the Federal Housing Administration was wider than during any week since Mortgage Daily began tracking it, while rate-term refinance share was a record low. Jumbo interest rates deteriorated compared to their conforming counterparts.
Mortgage Market Index Down on Purchase Financing
DALLAS -- (April 02, 2018) Although rate-term share fell to a new low, weekly refinance business was slightly stronger. But slowing purchase-money activity was enough to pull down overall business.
Mortgage Market Index Jumps to 4-Mth High
DALLAS -- (March 26, 2018) A sharp weekly increase in prospective loans to finance a home purchase to the highest level in six months drove new mortgage business to the highest level in more than four months. Conventional business was the best it's been in nine months.
Mortgage Daily 2017 Biggest Lender Ranking
DALLAS -- (March 26, 2018) In the latest ranking of mortgage lenders and servicers, non-bank lenders gave up market share last year as overall mortgage originations turned lower on a quarterly and annual basis.
Mortgage Biz Drops, New Low Rate-Term Refi Share
DALLAS -- (March 19, 2018) A modest weekly drop in new mortgage business was led by adjustable-rate mortgages. Government share widened, as did refinance share thanks to a gain in cashouts that more than offset a record-low rate-term share.
Weekly Mortgage Market Index Down on Refis
DALLAS -- (March 12, 2018) An improvement in weekly purchase-money business wasn't enough to offset a drop in refinances. Meantime, the share of activity for loans to veterans fell to the lowest level in seven months.
Refis Lead Rise in Weekly Mortgage Market Index
DALLAS -- (March 5, 2018) New mortgage activity ascended from the holiday week, and a sudden surge of strength in refinance business was out front of the improvement. Adjustable-rate activity also accelerated.
Refis Lead Weekly Mortgage Market Index Down
DALLAS -- (Feb. 26, 2018) Compared to a year ago, more borrowers locked in rates on their home loans this holiday week. A slowdown in refinance activity continued, with rate-term transaction share at its most narrow point on record. Government business also saw a big decline.
Weekly Mortgage Market Index Up on Purchases
DALLAS -- (Feb. 19, 2018) New purchase-money lending activity accelerated this past week, lifting overall business despite that refinances slowed to the lowest level since last year. Adjustable-rate prospects grew.