Weekly Mortgage Market Index Down on Refis
DALLAS -- (Oct. 22, 2018) A nice up tick in purchase financing activity was wiped out by a weekly decrease in refinance business. Similarly, an increase in government volume was more than offset by a drop in conventional activity.
Weekly Mortgage Market Index Down, Purchase Lead
DALLAS -- (Oct. 15, 2018) Weekly mortgage business slowed during the holiday week and was also down from last year. Home purchase financing business took the biggest weekly hit, while refinances suffered least.
Weekly Mortgage Market Index Up as Gov Surges
DALLAS -- (Oct. 8, 2018) New mortgage business surged this past week as a four-month high was reached for government activity. Cashout share was the most narrow it's been in a year, while rate-term share was it's widest in seven months.
Drop in Weekly Mortgage Market Index Led by Refis
DALLAS -- (Oct. 1, 2018) Government share was the most broad it's been in five months thanks to the widest veterans share in at least two years. Although rate-term share was the widest it's been in six months, it was still refinances that led an overall week-over-week decline.
VA Drives Up Weekly Mortgage Market Index
DALLAS -- (Sept. 24, 2018) An improvement in weekly mortgage business was driven by a surge in prospective loans to veterans. Despite deterioration of 3 basis points in fixed rates, the share of people seeking a rate-term refinance grew to the widest level in six months.
Mortgage Market Index Up, Record ARM Share
DALLAS -- (Sept. 17, 2018) New mortgage business really picked up from the holiday week. The strongest showing was with adjustable-rate mortgages -- with ARM share coming in wider than any prior week in at least nearly a decade.
Mortgage Market Index Down 4th Consecutive Week
DALLAS -- (Sept. 10, 2018) New mortgage business retreated for the fourth consecutive week, with the holiday dragging down the latest seven-day period. Even more significant was the year-over-year decline. Cashout and veterans activity were the slowest since last year. But one bright spot was purchase-money business.
Purchases Pull Down Weekly Mortgage Market Index
DALLAS -- (Sept. 4, 2018) A sharp increase in weekly cashout share drove overall refinances significantly higher. But the volume of new purchase-money business turned significantly lower ahead of the holiday weekend -- leading a drop in overall business and also way down from a year ago.
Weekly Mortgage Market Index Dips, ARMs Lead
DALLAS -- (Aug. 27, 2018) There was a modest dip in new mortgage business this week, with adjustable-rate mortgages seeing the biggest decline. Jumbo activity however, defied the overall trend.
Weekly Mortgage Market Index Off, Rate-Terms Rise
DALLAS -- (Aug. 20, 2018) The share of prospective borrowers who sought to refinance their existing mortgages jumped to the highest weekly level in five months. What's unusual is that the share of adjustable-rate mortgages also swelled.