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.