Jumbo Leads Drop in Weekly Mortgage Market Index
DALLAS -- (Aug. 24, 2015) The jumbo-conforming spread significantly improved but didn't slow the more than one-half drop in jumbo business. An overall rate decline also didn't help overall activity. Adjustable-rate and cashout-refinance business, however, jumped.
Jumbo Defies Drop in Weekly Mortgage Market Index
DALLAS -- (Aug. 17, 2015) Overall weekly mortgage activity slipped as interest rates were worse, though jumbo mortgage business and jumbo interest rates were both improved.
Weekly Mortgage Market Index Up as Refis Surge
DALLAS -- (Aug. 10, 2015) Fixed mortgage rates fell for the third week in a row, prompting loan originators and borrowers to rush out and lock in their refinance rates.
Jumbo Biz Overcomes Slump in Mortgage Market Index
DALLAS -- (Aug. 3, 2015) Though weekly mortgage activity fell back, jumbo mortgage business leapt ahead in spite of a less favorable jumbo-conforming spread.
Weekly Mortgage Market Index Up, FHA Leads
DALLAS -- (July 27, 2015) Weekly mortgage activity bounced back, with government-insured business leading the way. Meanwhile, jumbo mortgage rates dove further below conforming rates.
Jumbo Leads Decline in Mortgage Market Index
DALLAS -- (July 20, 2015) Halfway through the month of July, weekly mortgage business continued slowing, with jumbo loan activity taking the biggest knock-down punch.
Mortgage Market Index Enhanced With OpenClose Data
WEST PALM BEACH, Fla. and DALLAS -- July 15, 2015 -- OpenClose®, an enterprise-class, multi-channel, end-to-end loan origination system (LOS) provider, announced that it is now delivering weekly data for the U.S. Mortgage Market Index, an indicator of upcoming mortgage originations that is published by Mortgage Daily, a leading online news and data source for the mortgage industry.
ARMs Lead Holiday Retreat in Mortgage Market Index
DALLAS -- (July 13, 2015) As fixed rates retreated, adjustable-rate activity took the biggest hit in the week of business that included the Independence Day holiday.
Jobs Migrate North in Q1 Mortgage Employment Index
DALLAS -- (July 13, 2015) The number of people working in home lending has fallen on a quarterly basis, though there was a recent monthly upturn. Mortgage jobs appear to be migrating North.
Weekly Mortgage Market Index Up as ARMs, Jumbos Surge
DALLAS -- (July 5, 2015) New mortgage activity ascended last week, and a surge in adjustable-rate and jumbo business led the improvement.