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.
Weekly Mortgage Market Index Up, Refis Rise Most
DALLAS -- (June 29, 2015) New mortgage activity moved higher over the past week, and refinance transactions were out front of the ascension.
Weekly Mortgage Market Index Drops Led by FHA
DALLAS -- (June 22, 2015) Interest rates on home loans improved, but apparently not enough to drive up new mortgage business. Government-insured activity led the decline, while jumbo business inched higher.
Weekly Mortgage Market Index Down on Rising Rates
DALLAS -- (June 15, 2015) Refinances led weekly mortgage activity lower as fixed interest rates on residential loans made a move higher.
FHA Leads Weekly Mortgage Market Index Up
DALLAS -- (June 8, 2015) Weekly mortgage activity bounced back from the holiday week, and it was government-insured loans and purchase financing that led the rebound.