Mortgage loan originators locked in more loans for veterans than they have during any week in at least 16 months. Government led a week-over-week gain in overall business.
An indication of upcoming single-family loan originations, the U.S. Mortgage Market Index from Mortgage Daily, was 162 during the seven-day period that ended on Nov. 10.
It was the single strongest week since the week ended for the index, which is determined based on average per-user rate volume by clients of OpenClose.
Source: Mortgage Daily