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Mortgage Rate News


ARM index table | Mortgage Market Index | refinance news


Last Updated May 25, 2017 5:12 PM Central


Drop in Mortgage Rates Likely to Hold
Interest rates on residential loans were solidly lower over the past seven days. Rates are likely to refrain from moving much over the next seven days.

Mortgage Refi Applications Jump, Purchases Dip
As interest rates on home loans declined to a six-month low, weekly applications for mortgage refinances accelerated. But purchase financing activity was weaker.

Mortgage Business Jumps, Jumbo Soars
New mortgage business took a giant leap following Mothers Day. Although jumbo rates deteriorated, new jumbo activity doubled during the latest seven-day period.


Mortgage Market Index up 26%
Mortgage Rates Down, Further Retreat Likely
The past week saw a decline in interest rates on residential loans. The outlook for the next seven days is for an even bigger reduction in rates.

Refis Lead Weekly Mortgage Applications Lower
Prospective mortgage borrowers turned their attention away from home financing to Mothers Day as refinance applications led a drop in overall activity.

Philly Suing Wells Fargo
Just two weeks after the Supreme Court weighed in on the matter, the city of Philadelphia is moving forward with a discrimination lawsuit against Wells Fargo & Co.

Mortgage Activity Slows Ahead of Mothers Day
As originators of residential loans headed into the Mothers Day weekend, new business turned lower. The decline was similar among all types of mortgages.


Mortgage Market Index down 11%
Long-Term Mortgage Rates Rise, Likely to Hold
Long-term rates on new single-family loans moved higher over the past week. But no changes are likely in the report seven days from now.

Consumers Expect Bigger Home Price Gains
A survey of consumers by the nation's central bank indicates increased expectations for rising home prices and interest rates.

Originators Take More Mortgage Applications
Loan originators were busier taking applications for new mortgages last week. Both purchase financing and refinancing activity accelerated.

Yield Spread Premiums
Yield spread premium issues, studies and lawsuits. Mortgage wholesaler YSPs paid to mortgage brokers.


Mortgage Market Index
A barometer of upcoming originations, the Mortgage Market Index includes data on jumbo, FHA and refinance activity.
www.openclose.com

Refinance News | Refinance Share Statistics
News about refinancing programs, pricing and production. Stories about the H o m e
Affordable Refinance Program, H A R P 2.0 and other Making Home Affordable coverage.


Mortgage Rate News | Mortgage Market Index | ARM indices | ARM Statistics
Average fixed and ARM rates. Rate forecasts. Quotes on ARM indexes including COFI, MTA, LIBOR & Treasuries. Rate reset studies and reports. Mortgage rate litigation.


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Free news and advice for loan officers.



Refinance News
News about refinancing programs, pricing and production. Read about HARP 2.0.



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Mortgage Fee Lawsuits
Activity on mortgage fee cases from 2007 through first-quarter 2013.



Q3 2012 YSP lawsuits
Activity on yield spread premium cases from 2007 through third-quarter 2012.



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