Weekly Mortgage Market Index Up On Conventional
DALLAS -- (June 19, 2017) A week-over-week surge in conventional activity was the primary driver of a rise in new mortgage business, though cashout refinance and adjustable-rate activity also jumped.
Weekly Mortgage Market Index Leaps from Holiday
DALLAS -- (June 12, 2017) With government activity leading the way, weekly new mortgage business leapt higher from the holiday week. Rates on jumbo mortgages became less attractive.
Holiday Pulls Down Weekly Mortgage Market Index
DALLAS -- (June 5, 2017) As expected, new mortgage business turned sharply lower during the week that included Memorial Day. Business unexpectedly sank, though, from a year ago.
ARMs Defy Slump in Weekly Mortgage Market Index
DALLAS -- (May 30, 2017) Although a week-over-week decline in new mortgage business was mostly across-the-board, adjustable-rate mortgage activity rose -- with ARM share at its widest in over a year.
Weekly Mortgage Market Index Leaps, Jumbo Soars
DALLAS -- (May 22, 2017) New mortgage business took a giant leap following Mothers Day. Although jumbo rates deteriorated, new jumbo activity doubled during the latest seven-day period.
Weekly Mortgage Market Index Down Ahead of Moms Day
DALLAS -- (May 15, 2017) As originators of residential loans headed into the Mothers Day weekend, new business turned lower. The decline was similar among all types of mortgages.
Weekly Mortgage Market Index Up, Jumbo Strong
DALLAS -- (May 8, 2017) Interest rates on jumbo mortgages went from being less than their conforming counterparts to more last week. Still, new jumbo business accelerated.
Weekly Mortgage Market Index Down On Refis
DALLAS -- (May 1, 2017) New mortgage refinance activity tumbled this past week, dragging down overall home-lending activity. Government lending business, though, held up.
Purchases Lead Weekly Mortgage Market Index Up
DALLAS -- (April 24, 2017) A modest weekly increase in new mortgage business was led by loans to finance a home purchase. As rates retreated, adjustable-rate activity turned sharply lower.
Weekly Mortgage Market Off as ARMs, Jumbos Soar
DALLAS -- (April 17, 2017) While there was a modest retreat in the volume of overall new weekly mortgage activity, an increase was recorded for jumbo and adjustable-rate mortgage business.