Inquiries for purchase loans fell 2 percent from last week in the Mortgage Market Index report. But refinances climbed 12 percent over the past seven days. Refinances were even 13 percent stronger than the year-earlier week. View full post on Mortgage Stories
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Refis Down More than a Quarter
October 15th, 2011
davidguide Refinance inquiries dropped 27 percent over the past seven days, according to the U.S. Mortgage Market Index report. Refinance business was 21 percent lower than last year at this time. The refinance share was 65 percent, down from 71 percent last week. View full post on Mortgage Stories
High-Producing Wells Office Closed after Internal Review
August 28th, 2011
davidguide Mortgage inquiries for the week ended Aug. 26 were down 19 percent from last Friday. It was the second week in a row that business declined. The findings were outlined in the U.S. Mortgage Market Index report from Mortech Inc. and Mortgage Daily . View full post on Mortgage Stories
Big Improvement in Jumbo Spread as Refis Retreat
July 23rd, 2011
davidguide Refinances fell 13 percent from the prior week in the U.S. Mortgage Market Index report for the week ended July 22. The jumbo 30-year fell 6 BPS from the last week. The movement cut the jumbo-conforming spread to 41 BPS from 47 BPS a week ago. View full post on Mortgage Stories
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