Weekly Mortgage Market Index Moves Higher
DALLAS -- (March 2, 2015) An expected recovery from the holiday week hit mortgage lending, with inquiries for refinances making the strongest comeback. Refinances also led an even more impressive year-over-year gain.
Weekly Mortgage Market Index Improves from Year Ago
DALLAS -- (Feb. 23, 2015) Presidents' Day, along with rate deterioration, took a toll on new mortgage activity. But business was still better than a year ago.
Rate Spike Hurts Weekly Mortgage Market Index
DALLAS -- (Feb. 16, 2015) Home loan rates turned higher this past week, significantly depressing new refinancing activity and dragging overall business lower.
Weekly Mortgage Market Index Declines, Jumbo Leads
DALLAS -- (Feb. 9, 2015) Despite an improvement in interest rates, new mortgage activity slumped this past week -- and jumbo mortgage business led the decline.
FHA Leads Weekly Mortgage Market Index Up
DALLAS -- (Feb. 2, 2015) Weekly mortgage activity turned higher, and government-insured business saw the biggest improvement for the second week in a row.
FHA Activity Up as Mortgage Market Index Off
DALLAS -- (Jan. 26, 2015) Activity on prospective new mortgages declined this past week. But one category, loans insured by the Federal Housing Administration, moved higher.
Weekly Mortgage Market Index Highest Since 2013
DALLAS -- (Jan. 19, 2015) New mortgage business soared to the highest level since the summer of 2013 as rates continued to retreat. Government-insured activity led the charge.
Weekly Mortgage Market Index Surges on Rates
DALLAS -- (Jan. 12, 2015) Refinances were out front of a weekly surge in new mortgage business that had overall activity at the highest level since October. Behind the surge were the lowest rates since May.
Mortgage Market Index Off From 1st Week of 2014
DALLAS -- (Jan. 5, 2015) Although mortgage business picked up between Christmas and New Years, activity still lagged the first week of last year.
Mortgage Market Index Drops from 2013
DALLAS -- (Dec. 29, 2014) While a decline in mortgage business was to be expected from the Christmas holiday, activity was also down from the same week last year. Rising rates might have played a role in the drop.