Though there was a slight dip in new purchase financing activity over the past week, an increase in refinance business was enough to more than offset the decline.
The U.S. Mortgage Market Index from OpenClose and Mortgage Daily, an indication of future mortgages originations, was 168 in for the week ended Sept. 23.
Compared to the previous week, the index — which is based on average per-user rate locks submitted by clients of OpenClose — increased by more than 1 percent.
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From:: Financing