According to Curinos’ new proprietary application index, refinances decreased 42% week over week and decreased 26% in November; the purchase index decreased 31% week over week and decreased 9% for November as a whole. November 2024 funded mortgage volume increased 51% YoY and decreased 13% MoM. In the Retail channel, funded volume increased 46% YoY and decreased 14% MoM. The average 30-year conforming retail funded rate in November 2024 was 6.19, 6bps lower than October 2024 and 102bps lower than the same month last year. Purchase rates were 29bps higher MoM and 98bps lower YoY, while Refinance rates were 9bps higher 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
