According to Curinos’ new proprietary application index, refinances decreased 22% week over week and decreased 38% in October; the purchase index decreased 9% week over week and decreased 32% for October as a whole. October 2024 funded mortgage volume increased 50% YoY and increased 15% MoM. In the Retail channel, funded volume increased 45% YoY and increased 15% MoM. The average 30-year conforming retail funded rate in October 2024 was 6.25, 20bps lower than September 2024 and 72bps lower than the same month last year. Purchase rates were 12bps lower MoM and 101bps lower YoY, while Refinance rates were 18bps lower MoM and 23bps 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
