New mortgage activity inched higher this past week with jumbo loans leading the gain. The boost in jumbo business was fueled by a drop in the spread between jumbo and conforming pricing. Demand for government-insured loans and adjustable-rate mortgages, however, turned lower. A sudden surge in long-term Treasury yields today points to higher mortgage rates [...]
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Jumbo Business Leads Rise in New Activity
July 29th, 2012 
davidguide 
Posted in Business Loans 
Tags: adjustable rate mortgages, Business, demand, drop, loan inquiries, Mortech, Mortgage, mortgage activity, percent, Treasury, treasury yields 
Comments OffARM Activity Expands Despite Lending Slump
July 21st, 2012 davidguide New mortgage activity took a dip this week, with inquiries for jumbo mortgages leading the pack. The decline came despite a new low for mortgage rates — which could fall even lower. But one category — adjustable-rate mortgages — actually experienced an uptick. The average mortgage loan originator pulled 6 percent fewer pricing inquiries during [...]
Posted in Business Loans Tags: adjustable rate mortgages, ARM, Decline, loan inquiries, Mortech, Mortgage, mortgage activity, mortgage loan originator, Pack, percent, Slump Comments OffMortgage Business Declines, Record Rates Ready to Rise
June 23rd, 2012 davidguide A new low for mortgage rates wasn’t enough to stimulate new loan activity. But jumbo business managed a gain despite continued deterioration in the premium for jumbo financing. Record rates are set to rise in the next report. Mortgage loan originators were less busy this past week, pulling 3 percent fewer pricing inquiries than they [...]
Posted in Business Loans Tags: Business, Decline, June, loan activity, Mortech, Mortgage, mortgage business, mortgage loan originators, percent, premium, report mortgage Comments OffPurchase Financing Tumbles Despite Plunging Mortgage Rates
June 3rd, 2012 davidguide 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 [...]
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 OffMortgage Activity Up Again
February 4th, 2012 davidguide Falling mortgage rates motivated an increasing number of borrowers this week to inquire about a refinance, though inquiries for purchases were also higher. Rates, however, are poised to deteriorate. Refinance activity more than doubled compared to a year ago. Despite a widening spread over conforming rates, more jumbo borrowers were out shopping for a loan. [...]
Posted in Business Loans Tags: Feb, Index, inquire, Mortech, Mortgage, mortgage activity, mortgage market, mortgage rates, percent, prospective borrowers 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 OffHolidays Dampen Demand, Rates Bounce off Bottom
December 26th, 2011 davidguide The U.S. Mortgage Market Index from Mortech Inc. and MortgageDaily.com for the week ended Dec. 23 was 193. It was the slowest week for loan inquiries since the Thanksgiving index of 161. The 30-year mortgage average fell to the lowest on record, but an analysis of market data reported by the Department of the Treasury [...]
Posted in Business Loans Tags: com, demand, department of the treasury, loan inquiries, Mortech, mortgage market, MortgageDaily, Rates, Thanksgiving, thanksgiving index 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 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 Off
