Escalation for Weekly Mortgage Market Index
DALLAS -- (June 18, 2018) Data that provides a peek into potential production came in strong this past week. Refinance business saw an improvement that was double that of purchase-money activity.
Mortgage Business Still Stuck in Holiday Slump
DALLAS -- (June 11, 2018) The mortgage market has failed to recover from the slump in new mortgage business that accompanied the holiday week. But government and purchase business were both better.
ARMs Lead Weekly Mortgage Market Index Down
DALLAS -- (June 4, 2018) An expected slowdown in new mortgage business during the holiday week impacted purchase financing and refinancing equally. The biggest week-over-week drop was with adjustable-rate mortgages.
Mortgage Market Index Up, Purchases at 9-Mth High
DALLAS -- (May 29, 2018) As home purchase financing activity climbed to the highest level in nine months, overall new mortgage business was the best it's been in three months. Government programs were out front of the week-over-week gain.
Conv Leads Drop in Weekly Mortgage Market Index
DALLAS -- (May 21, 2018) A week-over-week decline in new mortgage activity was spearheaded by new conventional lending. The overall decline was contrasted by jumbo business, which recorded a gain.
Convent Leads Weekly Mortgage Market Index Higher
DALLAS -- (May 14, 2018) Weekly mortgage business was higher led by conventional activity. Purchase business was the strongest it's been in eight months. Rate-term refinance share, which at one point in the past six years was nearly two-thirds, fell to a new single-digit low.
Weekly Mortgage Market Index Up Driven By Refis
DALLAS -- (May 7, 2018) A big bounce in refinance business lifted overall new home lending activity. Adjustable-rate mortgage share was the broadest it's been in more than two years. Jumbo product was excluded from the rally.
Refis Drive Down Weekly Mortgage Market Index
DALLAS -- (April 30, 2018) A big decline in weekly mortgage refinance business more than offset a modest gain in home purchase financing activity. The share of rate-term refinances descended to a new record low.
Refis Offset Purchase Drop in Mortgage Market Index
DALLAS -- (April 23, 2018) A week-over-week decline in new purchase-money activity was more than offset by an increase in refinance business. But the year-over-year tumble in purchases more than offset the surge in refinances.
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.
Mortgage Market Index Up, Record Cashout Share
DALLAS -- (Feb. 12, 2018) New mortgage activity moved higher last week, and refinances saw the biggest gain. Cashouts accounted for a bigger share of business than during any week on record.
Weekly Mortgage Market Index Up, ARMs Soar
DALLAS -- (Feb. 5, 2018) As mortgage activity increased last week, a surge was recorded for adjustable-rate mortgage business -- which leapt to the highest level in more than three years thanks to rising fixed rates.
Mortgage Market Index Down, Record Cashout Share
DALLAS -- (Jan. 22, 2018) With government activity leading the way, new mortgage business turned lower last week. The proportion of people extracting home equity, meanwhile, widened to its broadest share on record.
Refi Share Balloons in Mortgage Market Index Rpt
DALLAS -- (Jan. 15, 2018) As new mortgage business recovered from a holiday slump, the share of activity that was for refinances reached the widest level in more than three years.
Mortgage Market Index Up, Record Cashout Share
DALLAS -- (Jan. 8, 2018) As rising rates have driven down the share of borrowers seeking rate-term refinances to the lowest level in six months, rising home values have driven the share of borrowers seeking cashout loans to a record high.
Record Low for Weekly Mortgage Market Index
DALLAS -- (Jan. 2, 2018) Mortgage business went out with a whimper in 2017, with new activity during the final week -- which included Christmas -- plunging to the lowest level since tracking began. Jumbo activity has doubled over the past year.