New home-lending activity turned solidly higher this past week, and it was government mortgage programs that saw the biggest week-over-week gain.
An indication of upcoming single-family loan originations, the U.S. Mortgage Market Index from Mortgage Daily, was 160 in the week ended Aug. 25.
The index, which is based on rate-lock volume at OpenClose, increased 9 percent from the preceding seven-day period. No seasonal adjustments are made to the numbers.
Source: Mortgage Daily
