Purchase Biz Sinks as Mortgage Market Index Down
DALLAS -- (Oct. 16, 2017) As new mortgage activity softened during the holiday week, weekly purchase-money business sank to the lowest level since January. Government share has significantly widened over the past year.
Weekly Mortgage Market Index Up, Led By Government
DALLAS -- (Oct. 9, 2017) Government activity led an increase in new weekly mortgage business. Excluded from the rally, though, were jumbo and adjustable-rate mortgages.
Government Leads Weekly Mortgage Market Index Down
DALLAS -- (Oct. 2, 2017) Weekly mortgage activity was down on a week over week basis, and it was government business that was out front of the slowing.
Weekly Mortgage Market Index Off on Refis
DALLAS -- (Sept. 25, 2017) Driven by refinance transactions, new mortgage activity retreated this past week. While adjustable-rate business was down the most, the category had the biggest year-over-year gain.
Refis Drive up Weekly Mortgage Market Index
DALLAS -- (Sept. 18, 2017) Driven primarily by refinances, weekly new mortgage business moved up from the holiday week. The share of adjustable-rate mortgage activity reached the highest level in 20 months.
Yr-Over-Yr Drop in Weekly Mortgage Market Index
DALLAS -- (Sept. 11, 2017) The holiday week took a toll on new mortgage business, with adjustable-rate mortgage activity erasing prior-week gains. Jumbo business was the only category to rise.
ARMs Defy Drop in Weekly Mortgage Market Index
DALLAS -- (Sept. 5, 2017) Heading into Labor Day, new home-lending business turned mildly lower. That wasn't the case, however, for adjustable-rate mortgage activity.
Weekly Mortgage Market Index Rises, Gov Leads
New home-lending activity turned solidly higher this past week, and it was government mortgage programs that saw the biggest week-over-week gain.
Purchases Again Drive Down Mortgage Market Index
DALLAS -- (Aug. 21, 2017) For the third week in a row, an increase in cashout-driven refinance activity has been more than offset by deterioration in the volume of purchase financing activity.
Purchase Financing Pulls Down Mortgage Market Index
DALLAS -- (Aug. 14, 2017) Although purchase financing drove down overall new mortgage business this past week, an increase was recorded for refinances and jumbo loans as adjustable-rate mortgage activity surged.