Escalation for Weekly Mortgage Market Index
DALLAS -- (June 18, 2018) Data that provides a peek into potential production came in strong this past week. Refinance business saw an improvement that was double that of purchase-money activity.
Mortgage Business Still Stuck in Holiday Slump
DALLAS -- (June 11, 2018) The mortgage market has failed to recover from the slump in new mortgage business that accompanied the holiday week. But government and purchase business were both better.
ARMs Lead Weekly Mortgage Market Index Down
DALLAS -- (June 4, 2018) An expected slowdown in new mortgage business during the holiday week impacted purchase financing and refinancing equally. The biggest week-over-week drop was with adjustable-rate mortgages.
Mortgage Market Index Up, Purchases at 9-Mth High
DALLAS -- (May 29, 2018) As home purchase financing activity climbed to the highest level in nine months, overall new mortgage business was the best it's been in three months. Government programs were out front of the week-over-week gain.
Conv Leads Drop in Weekly Mortgage Market Index
DALLAS -- (May 21, 2018) A week-over-week decline in new mortgage activity was spearheaded by new conventional lending. The overall decline was contrasted by jumbo business, which recorded a gain.
Convent Leads Weekly Mortgage Market Index Higher
DALLAS -- (May 14, 2018) Weekly mortgage business was higher led by conventional activity. Purchase business was the strongest it's been in eight months. Rate-term refinance share, which at one point in the past six years was nearly two-thirds, fell to a new single-digit low.
Weekly Mortgage Market Index Up Driven By Refis
DALLAS -- (May 7, 2018) A big bounce in refinance business lifted overall new home lending activity. Adjustable-rate mortgage share was the broadest it's been in more than two years. Jumbo product was excluded from the rally.
Refis Drive Down Weekly Mortgage Market Index
DALLAS -- (April 30, 2018) A big decline in weekly mortgage refinance business more than offset a modest gain in home purchase financing activity. The share of rate-term refinances descended to a new record low.
Refis Offset Purchase Drop in Mortgage Market Index
DALLAS -- (April 23, 2018) A week-over-week decline in new purchase-money activity was more than offset by an increase in refinance business. But the year-over-year tumble in purchases more than offset the surge in refinances.
Conventional Leads Rise in Mortgage Market Index
DALLAS -- (April 16, 2018) Conventional activity led a week-over-week increase in new mortgage business. Rate-term refinance share descended to a new record low, while purchase share was the highest it's been in six months.