Purchase Apps Eked Out A 1% Gain

Mortgage and Lending with Southwest Funding

Refis appear to have fallen off a cliff, down more than 6 percent versus one week ago, while purchase apps eked out slightly more than a 1 percent gain:

The Refinance Index decreased 6.3 percent to 1757.1 from 1874.6 the previous week and the seasonally adjusted Purchase Index increased 1.5 percent to 433.6 from 427 one week earlier. The seasonally adjusted Conventional Index decreased 1.5 percent to 920.6 from 934.8 the previous week, and the seasonally adjusted Government Index decreased 4.3 percent to 132.8 from 138.7 the previous week.

Dallas Loan Officer

Jeff Schraeder

Imperial Mortgage 


Comments (1)

Larry Bettag
Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759 Cherry Creek Mortgage NMLS #: 3001 - Saint Charles, IL
Vice-President of National Production
I've taken 15 apps in the last 8 days.....life is changing and I like the look.
Jun 12, 2007 01:16 PM