Weekly Mortgage Market Index Jumps, ARMs Explode
DALLAS -- (July 17, 2017) New residential lending activity made a healthy gain following the holiday week. Even more impressive was skyrocketing adjustable-rate mortgage activity.
Weekly Mortgage Market Index Sinks from Year Earlier
DALLAS -- (July 10, 2017) During the week that included Independence Day, new mortgage activity significantly declined. A substantial drop from a year earlier was also recorded. Jumbo business, however, mostly held up.
ARMs Lead Weekly Mortgage Market Index Up
DALLAS -- (July 3, 2017) Heading into the holiday week, new mortgage activity accelerated, and it was interest in adjustable-rate mortgages that saw the greatest increase.
ARMs, Refis Lead Weekly Mortgage Market Index Down
DALLAS -- (June 26, 2017) A week-over-week decline in new mortgage activity was led by a big drop in demand for adjustable-rate mortgages and refinances. One bright spot was jumbo business, which overcame price deterioration.
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.