According to Curinos’ new proprietary application index, refinances decreased 34% week over week and decreased 7% in December; the purchase index decreased 41% week over week and decreased 17% for December as a whole. December 2024 funded mortgage volume increased 46% YoY and decreased 5% MoM. In the Retail channel, funded volume increased 41% YoY and decreased 4% MoM. The average 30-year conforming retail funded rate in December 2024 was 6.66, 48bps higher than November 2024 and 57bps lower than the same month last year. Purchase rates were 15bps higher MoM and 55bps lower YoY, while Refinance rates were 31bps higher MoM and 43bps lower YoY. Curinos sources a statistically significant data set directly from lenders to produce these benchmark figures.
Jumbo Rate Trends
GSE Delivery Limits
Market Growth Trends
Refi Cycle Times
Refinance Mix
