Weekly Mortgage Market Index Up, Refinances Lead
DALLAS -- (Oct. 24, 2016) Refinancing activity led the way as the U.S. Mortgage Market Index from OpenClose and Mortgage Daily bounced back from the holiday week. Year-over-year activity, especially refinance business, was solidly higher.
Weekly Mortgage Market Index Down on Holiday
DALLAS -- (Oct. 17, 2016) As expected, new residential lending activity slowed during the holiday week, with purchase financing and refinancing activity both taking a similar hit. Jumbo business fared worst.
Weekly Mortgage Market Index Dips on Refinances
DALLAS -- (Oct. 10, 2016) A week-over-week slowdown in refinancing activity helped pull down overall new mortgage activity. But one category -- jumbo business -- turned positive for the week.
7-Week High for Mortgage Market Index
DALLAS -- (Oct. 3, 2016) New residential loan activity ascended to the highest level in seven weeks, and conventional refinance business drove the week-over-week gain.
Weekly Mortgage Market Index Drops, Purchases Up
DALLAS -- (Sept. 19, 2016) Although there was a decline in overall new mortgage activity during the past seven days, demand for new purchase-money mortgages actually grew stronger.
Weekly Mortgage Market Index Slips in Holiday Week
DALLAS -- (Sept. 12, 2016) A holiday slump in new mortgage business was led by purchase financing. But, fueled by a dip in interest rates, refinance activity was up the second week in a row.
Weekly Mortgage Market Index Slips, Purchases Up
DALLAS -- (Aug. 29, 2016) While new weekly refinance activity slowed for the second week in a row, purchase-money business turned higher. Jumbo business had a healthy week-over-week gain.
Weekly Mortgage Market Index Off Even As Rates Dip
DALLAS -- (Aug. 22, 2016) Even though there was a modest improvement in rates, new mortgage business slowed this past week. Still, activity was solidly stronger than it was at this point last year.
Weekly Mortgage Market Index Off on Purchases, Conv
DALLAS -- (Aug. 15, 2016) A week-over-week decline in new home-lending activity was driven by purchase and conventional financing, though jumbo business also played a role.
Weekly Mortgage Market Index Climbs, Refis Lead
DALLAS -- (Aug. 8, 2016) As interest rates on residential loans turned lower, new refinance activity surged to the highest level in 17 months -- driving up overall activity in the process.