A new record low was established for the one-year adjustable-rate mortgage this week. While the news wasn’t so good for fixed mortgage rates, fixed rates are positioned to fall in next week’s report. The discount for a 15-year loan has increased over the past seven days. 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
Modification to Mortgage Market Index
February 13th, 2011
davidguide As of Feb. 11, the Mortech-Mortgage Daily Mortgage Market Index was calculated based on the seven days ended Friday. It came in at 203. Before that point, the index was reported for the seven days ended each Wednesday. The Mortgage Market Index was 201 on Wednesday. View full post on Mortgage Stories
Record Low for Mortgage Market Index
December 31st, 2010
davidguide The Mortech-Mortgage Daily Mortgage Market Index was 140 for the week ended Dec. 29. The index was 205 seven days earlier. The Mortgage Market Index has never been this low since launching on Dec. 17, 2009. View full post on Mortgage Stories
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