Caliber Home Loans is mailing solicitations to customers of Quicken Loans, offering to refi them at 3.125% for a 30-year fixed-rate mortgage. In one solicitation we saw an “immediate benefit” listed included the ability to “defer” a mortgage payment…

The mortgage employment reading, while strong, trails the national numbers by one month.

Gateway Mortgage Group posted record originations in April...

Higher rates on refis than on purchase loans? Looks that way...