With purchase financing and adjustable-rate business leading the way, mortgage activity dropped during the holiday week. Meanwhile, mortgage rates continued their descent to depths not previously seen and are poised to establish even more new records. Loan originators pulled 9 percent fewer pricing inquiries than last week, leaving the U.S. Mortgage Market Index from Mortech [...]
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Purchase Financing Tumbles Despite Plunging Mortgage Rates
June 3rd, 2012 
davidguide 
Posted in Business Loans 
Tags: financing, leading the way, loan originators, market index, Mortech, Mortgage, mortgage activity, percent, Plunging, way 
Comments OffLoan Inquiries Inch Up as Low Rates Could Dip More
May 6th, 2012 davidguide BA few more people were out shopping for a home loan this past week, with home purchase financing inquiries putting in the strongest week-over-week performance. Already-low rates are poised to fall a little further. A 2 percent rise from last week left the U.S. Mortgage Market Index from Mortech Inc. and Mortgage Daily for the [...]
Posted in Business Loans Tags: loan inquiries, market index, Mortech, mortgage market, purchase volume Comments OffHoliday Hangover Hampers New Business
January 7th, 2012 davidguide Business picked up from the Christmas week but was still anemic. At 183, the U.S. Mortgage Market Index from Mortech Inc. and Mortgage Daily for the week ended Friday was 40 percent higher than in the previous report. The index, however, slipped 1 percent from the same week in 2011. View full post on Mortgage [...]
Posted in Business Loans Tags: Business, business business, Hampers, Hangover, Index, market index, Mortech, mortgage market, percent, post Comments OffRefis Rise Again Despite Purchase Slump
December 10th, 2011 davidguide 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
Posted in Business Loans Tags: index report, inquiries, market index, Mortgage, mortgage market, percent, post, purchase loans, refinances, Slump Comments OffRefis Retreat, FHA Share Up
November 12th, 2011 davidguide Refinance inquiries fell 19 percent from the prior week in the U.S. Mortgage Market Index from Mortech Inc. and MortgageDaily.com for the week ended Nov. 11. Two-thirds of weekly activity was for refinances. Federal Housing Administration share rose to 10.85 percent from the previous week’s 10.01 percent. View full post on Mortgage Stories
Posted in Business Loans Tags: com, federal housing administration, FHA, Housing, market index, Mortech, mortgage market, MortgageDaily, percent, Retreat Comments OffRefis 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
Posted in Business Loans Tags: Business, index report, inquiries, market index, mortgage market, percent, post, quarter, Refis, seven days, View Comments OffHigh-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
Posted in Business Loans Tags: Daily, Inc., index report, last friday, market index, Mortech, mortgage market, percent, Producing, review Comments OffBig 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
Posted in Business Loans Tags: BP's, Improvement, index report, market index, mortgage market, percent, post, refinances, Retreat, Spread Comments OffRefis Strengthen During Holiday Week
June 5th, 2011 davidguide Inquiries for refinances rose 4 percent this week, according to the U.S. Mortgage Market Index from Mortech Inc. and MortgageDaily.com for the week ended June 3. Refinance share, meanwhile, expanded to 53 percent from 49 percent. The improvement in refinance activity came on the heels of Memorial Day. View full post on Mortgage Stories
Posted in Business Loans Tags: com, market index, Memorial, memorial day, Mortech, mortgage market, MortgageDaily, percent, refinances, Week Comments OffRefis Surge
May 8th, 2011 davidguide A 15 percent jump in refinance inquiries from last week was noted in the Mortgage Market Index . Refinance share rose to 47 percent from 45 percent. This week’s share reflected a 34 percent rate-term share and a 13 percent cashout share. View full post on Mortgage Stories
Posted in Business Loans Tags: Cashout, inquiries, Jump, market index, mortgage market, percent, post, Refis, surge, term share Comments Off
