For the second week in a row, new residential lending activity accelerated, with government business out front during the most-recent seven-day period.
The U.S. Mortgage Market Index from OpenClose and Mortgage Daily was 150 in the week ended Feb. 10. No seasonal adjustments are made to the MMI.
Compared to the previous week, the index — an indication of upcoming loan originations based on OpenClose rate-lock volume — moved 12 percent higher.
Source: Mortgage Daily