Refis Drive up Weekly Mortgage Market Index
DALLAS -- (Sept. 18, 2017) Driven primarily by refinances, weekly new mortgage business moved up from the holiday week. The share of adjustable-rate mortgage activity reached the highest level in 20 months.
Yr-Over-Yr Drop in Weekly Mortgage Market Index
DALLAS -- (Sept. 11, 2017) The holiday week took a toll on new mortgage business, with adjustable-rate mortgage activity erasing prior-week gains. Jumbo business was the only category to rise.
ARMs Defy Drop in Weekly Mortgage Market Index
DALLAS -- (Sept. 5, 2017) Heading into Labor Day, new home-lending business turned mildly lower. That wasn't the case, however, for adjustable-rate mortgage activity.
Weekly Mortgage Market Index Rises, Gov Leads
New home-lending activity turned solidly higher this past week, and it was government mortgage programs that saw the biggest week-over-week gain.
Purchases Again Drive Down Mortgage Market Index
DALLAS -- (Aug. 21, 2017) For the third week in a row, an increase in cashout-driven refinance activity has been more than offset by deterioration in the volume of purchase financing activity.
Purchase Financing Pulls Down Mortgage Market Index
DALLAS -- (Aug. 14, 2017) Although purchase financing drove down overall new mortgage business this past week, an increase was recorded for refinances and jumbo loans as adjustable-rate mortgage activity surged.
Purchases Drop, Refis Up in Mortgage Market Index
DALLAS -- (Aug. 7, 2017) Weekly mortgage business maintained the pace of the previous seven-day period. Increased refinance activity was offset by lower demand for loans to finance a residential property purchase.
Q1 Mortgage Daily Mortgage Employment Index Drops
DALLAS -- (Aug. 7, 2017) Compared to a year earlier, employment in the mortgage industry has expanded. But as quarter-over-quarter headcount was down, some signs point to an increase in layoffs for the sector.
Weekly Mortgage Market Index Climbs on Purchases
DALLAS -- (July 31, 2017) New mortgage activity was driven higher by home purchase financing this past week. Also significantly improving was government business, which has expanded by nearly a fifth from a year ago.
Mortgage Daily Q1 2017 Biggest Lender Ranking
DALLAS -- (July 31, 2017) As home lending slowed in the first quarter of this year, credit unions took market share from non-bank originators. Just 10 lenders were responsible for nearly half of overall originations.
Weekly Mortgage Market Index Retreats, Jumbo Up
DALLAS -- (July 24, 2017) Loan originators, except those who originate jumbo mortgages, were less busy this past week with residential lending activity. Home purchase financing took the biggest hit.
Weekly Mortgage Market Index Jumps, ARMs Explode
DALLAS -- (July 17, 2017) New residential lending activity made a healthy gain following the holiday week. Even more impressive was skyrocketing adjustable-rate mortgage activity.
Weekly Mortgage Market Index Sinks from Year Earlier
DALLAS -- (July 10, 2017) During the week that included Independence Day, new mortgage activity significantly declined. A substantial drop from a year earlier was also recorded. Jumbo business, however, mostly held up.
ARMs Lead Weekly Mortgage Market Index Up
DALLAS -- (July 3, 2017) Heading into the holiday week, new mortgage activity accelerated, and it was interest in adjustable-rate mortgages that saw the greatest increase.
ARMs, Refis Lead Weekly Mortgage Market Index Down
DALLAS -- (June 26, 2017) A week-over-week decline in new mortgage activity was led by a big drop in demand for adjustable-rate mortgages and refinances. One bright spot was jumbo business, which overcame price deterioration.
Weekly Mortgage Market Index Up On Conventional
DALLAS -- (June 19, 2017) A week-over-week surge in conventional activity was the primary driver of a rise in new mortgage business, though cashout refinance and adjustable-rate activity also jumped.
Weekly Mortgage Market Index Leaps from Holiday
DALLAS -- (June 12, 2017) With government activity leading the way, weekly new mortgage business leapt higher from the holiday week. Rates on jumbo mortgages became less attractive.
Holiday Pulls Down Weekly Mortgage Market Index
DALLAS -- (June 5, 2017) As expected, new mortgage business turned sharply lower during the week that included Memorial Day. Business unexpectedly sank, though, from a year ago.
ARMs Defy Slump in Weekly Mortgage Market Index
DALLAS -- (May 30, 2017) Although a week-over-week decline in new mortgage business was mostly across-the-board, adjustable-rate mortgage activity rose -- with ARM share at its widest in over a year.
Weekly Mortgage Market Index Leaps, Jumbo Soars
DALLAS -- (May 22, 2017) New mortgage business took a giant leap following Mothers Day. Although jumbo rates deteriorated, new jumbo activity doubled during the latest seven-day period.
Weekly Mortgage Market Index Down Ahead of Moms Day
DALLAS -- (May 15, 2017) As originators of residential loans headed into the Mothers Day weekend, new business turned lower. The decline was similar among all types of mortgages.
Weekly Mortgage Market Index Up, Jumbo Strong
DALLAS -- (May 8, 2017) Interest rates on jumbo mortgages went from being less than their conforming counterparts to more last week. Still, new jumbo business accelerated.
Weekly Mortgage Market Index Down On Refis
DALLAS -- (May 1, 2017) New mortgage refinance activity tumbled this past week, dragging down overall home-lending activity. Government lending business, though, held up.
Purchases Lead Weekly Mortgage Market Index Up
DALLAS -- (April 24, 2017) A modest weekly increase in new mortgage business was led by loans to finance a home purchase. As rates retreated, adjustable-rate activity turned sharply lower.
Weekly Mortgage Market Off as ARMs, Jumbos Soar
DALLAS -- (April 17, 2017) While there was a modest retreat in the volume of overall new weekly mortgage activity, an increase was recorded for jumbo and adjustable-rate mortgage business.
Weekly Mortgage Market Index Up on Purchases
DALLAS -- (April 10, 2017) A healthy increase in new purchase-money financing drove up new weekly home-lending activity. Government and jumbo mortgage business soared.
2016 Mortgage Daily Mortgage Employment Index Up
DALLAS -- (April 10, 2017) During all of last year, staffing in the mortgage industry expanded -- though rising interest rates are likely to reverse recent gains. California experienced the biggest quarterly gain.
Weekly Mortgage Market Index Down Again
DALLAS -- (April 3, 2017) New mortgage activity was depressed over the past week, and it was purchase-money business that was out front of the decline. Adjustable-rate activity, though, ascended.
Mortgage Daily 2016 Biggest Lender Ranking
DALLAS -- (April 3, 2017) Although quarterly mortgage originations dipped from the previous period, there was an increase in annual volume. There was some jockeying for position among the nation's 10-largest lenders.
Weekly Mortgage Market Index Retreats
DALLAS -- (March 27, 2017) With jumbo loans and adjustable-rate mortgages leading the way, new business retreated on a week-over-week basis. But activity moved higher from a year ago.
8-Month High for Mortgage Market Index
DALLAS -- (March 20, 2017) Not only has new mortgage business increased for each of the past four weeks, but the pace of activity now stands at the highest level in eight months.
Mortgage Market Index Up On Purchase Financing
DALLAS -- (March 13, 2017) A sharp week-over-week increase in new purchase financing activity drove overall mortgage business higher this past week. But jumbo activity turned significantly lower.
Purchases Push Up Weekly Mortgage Market Index
DALLAS -- (March 6, 2017) An improvement in new weekly mortgage activity was mostly fueled by a solid increase in purchase financing. Adjustable-rate business soared more than any other category.
Refis Drive Weekly Mortgage Market Index Up
DALLAS -- (Feb. 27, 2017) Despite a four-day holiday week, there was a healthy ascension in new refinance business. New jumbo activity had the strongest week-over-week increase.
Weekly Mortgage Market Index Drops Ahead of Holiday
DALLAS -- (Feb. 21, 2017) Heading into the Presidents Day holiday weekend, new refinance activity sank -- driving down overall mortgage business. But adjustable-rate business soared.
Weekly Mortgage Market Index Up 2nd Week in Row
DALLAS -- (Feb. 13, 2017) For the second consecutive week, new residential lending activity accelerated, with government business out front most recently.
Weekly Mortgage Market Index Moves Higher
DALLAS -- (Feb. 6, 2017) New home-lending activity strengthened during the past week, with both refinancing and home-purchase financing showing a gain. Jumbo business gained the most.
Q3 Mortgage Daily Mortgage Employment Index Expands
DALLAS -- (Feb. 6, 2017) A healthy quarterly expansion was recorded for employment in the residential lending industry. Faring best was the Golden State, though the Lone Star State also made impressive gains.
Weekly Mortgage Market Index Pulled Down by Refis
DALLAS -- (Jan. 30, 2017) Although weekly home purchase financing activity moved higher, a reduction in the volume of refinance business pulled down overall new activity.
Holiday Pulls Down Weekly Mortgage Market Index
DALLAS -- (Jan. 23, 2017) With refinances leading the way, new mortgage activity moved lower in the week that included the Martin Luther King holiday.
Refinances Lead Weekly Mortgage Market Index Up
DALLAS -- (Jan. 17, 2017) A recent decline in mortgage rates has driven up demand from borrowers who missed out on the last refinance opportunity, though home buyers were also busier.
Weekly Mortgage Market Index Bounces Off Record Low
DALLAS -- (Jan. 9, 2017) Just one week after plummeting to an all-time low, the U.S Mortgage Market Index rebounded, although it still remains well below recent norms.
Mortgage Daily Q3 2016 Biggest Lender Ranking
DALLAS -- (Jan. 9, 2017) As the country's mortgage lenders boosted quarterly production, there were some changes among the top-ranked originators and servicers.
Weekly Mortgage Market Index Sinks to Record Low
DALLAS -- (Jan. 3, 2017) A combination of rising interest rates and the holiday season drove the U.S Mortgage Market Index to the lowest level it's been in its seven-year history.