According to Curinos’ new proprietary application index, refinances decreased 14% week over week and increased 62% in September; the purchase index decreased 10% week over week and increased 21% for September as a whole. September 2024 funded mortgage volume increased 21% YoY and decreased 3% MoM. In the Retail channel, funded volume increased 16% YoY and decreased 2% MoM. The average 30-year conforming retail funded rate in September 2024 was 6.45, 30bps lower than August 2024 and 53bps lower than the same month last year. Purchase rates were 33bps lower MoM and 67bps lower YoY, while Refinance rates were 29bps lower MoM and 48bps 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
