A healthy increase in new purchase-money financing drove up new weekly home-lending activity. Government and jumbo mortgage business soared.
The Mortgage Daily U.S. Mortgage Market Index, a reflection of average per-user rate locks by OpenClose clients, was 168 in the week ended April 7.
A 13 percent rise was recorded from the previous week for the index, an indication of upcoming loan originations. No seasonal adjustments are made.
Source: Mortgage Daily
