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.