Mortgage Hot Topics by Curinos

According to Curinos, February 2023 funded mortgage volume decreased 62% YoY and 4% MoM. In the retail channel, funded volume was down 68% YoY and up 4% MoM. The average 30-year conforming retail funded rate in February was 6.16%, -21bps lower than January and 251bps higher than the same month last year. Purchase rates were -19bps lower MoM and 244bps higher YoY, while refinance rates were -26bps lower MoM and 270bps higher YoY. Curinos sources a statistically significant data set directly from lenders to produce these benchmark figures.