Weekly Mortgage Market Index Soars on Refinances
DALLAS -- (Oct. 20, 2014) A sharp decline in mortgage rates sent refinance activity into the stratosphere and pushed overall activity to the highest level in more than a year.
Weekly Mortgage Market Index Jumps on Falling Rates
DALLAS -- (Oct. 13, 2014) New mortgage activity leapt to a five-month high ahead of the Columbus day holiday, and it was refinance business that was out front of the surge.
Falling Rates Drive Up Mortgage Market Index
DALLAS -- (Oct. 6, 2014) Subsiding mortgage rates lured refinance prospects back into the market. Interest rates on jumbo mortgages were more improved than on conforming loans.
Refis Out Front of Gain in Mortgage Market Index
DALLAS -- (Sep. 29, 2014) A modest decline in mortgage rates helped loan originators eke out a gain in weekly activity. Refinances delivered the strongest improvement.
Rising Rates Restrain Weekly Mortgage Market Index
DALLAS -- (Sep. 22, 2014) New mortgage activity crept higher this past week and might have been even more robust were it not for an increase in interest rates.
Mortgage Market Index Bounces Back from Holiday
DALLAS -- (Sep. 15, 2014) New mortgage activity increased from the holiday week and would have risen more if it weren't for refinance and conventional business. Fixed rates are likely to be higher in the next report.
Banks Drive Down Mortgage Employment Index
DALLAS -- (Sept. 15, 2014) Mortgage industry employment was lower in the latest quarter as a result of a sharp drop at banks, though jobs moved up at credit unions and non-banks.
Mortgage Market Index Down in Holiday Week
DALLAS -- (Sep. 8, 2014) With refinances leading the way, new mortgage activity slowed during the holiday week. Jumbo business was the best performer.
FHA Leads Weekly Mortgage Market Index Down
DALLAS -- (Sep. 2, 2014) An improvement in interest rates was overcome by the holiday effect, and new mortgage business slowed. Government-insured activity tumbled the most.
Jumbo Rates Rise in Weekly Mortgage Market Index
DALLAS -- (Aug. 25, 2014) After hovering below conforming interest rates for more than four months, rates on jumbo mortgages leapt past conforming rates. Still, new jumbo business moved up more than any other category.