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Mortgage Market Index
A barometer of upcoming originations, the Mortgage Market Index includes data on jumbo, FHA and refinance activity.
www.openclose.com

Mortech-MortgageDaily.com Mortgage Market Index for the Week Ended June 9, 2010






Week Ended June 9, 2010



National Average Loan Amount
$215,771



Top 3 States state
$318,812 DC
$295,839 HI
$280,413 MA



Bottom 3 States state
$156,741 NE
$157,213 SD
$157,302 IA



National Average Rate-Term Refinance Amount
$234,597



Top 3 States state
$335,361 DC
$288,942 CA
$286,951 MA



Bottom 3 States state
$138,620 SD
$164,420 NE
$168,595 IA



National Average Cashout Refinance Amount
$214,480



Top 3 States state
$359,113 DC
$344,000 HI
$331,000 ND



Bottom 3 States state
$126,600 AL
$128,960 MS
$139,548 WV



National Average Jumbo Loan Amount
$675,344



Top 3 States state
$2,060,863 TN
$1,404,580 RI
$1,100,722 IN



Bottom 3 States state
$485,000 AK
$489,500 WV
$497,600 NM



National Rate-Term Refinance Share
36.130%



National Cashout Refinance Share
13.840%



National Total Refinance Share
49.970%



HOT PRODUCTS
Product state State Average
Conv30 MA $299,112
Conv30 MO $203,964
Conv30 CA $282,975
Conv30 IL $255,186
Conv30 NJ $291,075
Conv30 TX $212,614
Conv30 KS $205,413
Conv15 MA $275,315
FHA30 TX $163,161
FHA30 MA $293,598
Conv30 VA $261,804
FHA30 CA $276,199
FHA30 MO $152,687
Conv30 NE $184,429
Conv30 AR $182,495



Average rate for each product from All investors Product
4.780% Conv30
4.180% Conv15
3.770% 5-1LiborARM
4.640% FHA30
4.420% FHA15
4.700% VA30
5.670% Jumbo30



Mortgage Market Index
274




Mortgage Market Index graph


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Refinance News | Refinance Share Statistics
News about refinancing programs, pricing and production. Stories about the H o m e
Affordable Refinance Program, H A R P 2.0 and other Making Home Affordable coverage.


Mortgage Rate News | Mortgage Market Index | ARM indices | ARM Statistics
Average fixed and ARM rates. Rate forecasts. Quotes on ARM indexes including COFI, MTA, LIBOR & Treasuries. Rate reset studies and reports. Mortgage rate litigation.


Origination News | Lender Ranking | Fundings by Lender | Statistics
Quarterly residential mortgage production by lender. Subprime, Alt-A, home equity and conforming originations. Volume by quarter since 2003.


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Mortgage Market Index powered by
OpenClose



Weekly MMI
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About the Mortgage Market Index
The U.S. Mortgage Market Index was first launched in December 2009 at 197.

The index, itself, reflects the average number of per-user rate locks by clients of OpenClose for the seven days ended each Thursday at midnight. OpenClose has been the data provider since June 2015.

The MMI is an excellent indicator of upcoming mortgage originations.

A byproduct of the Mortgage Market Index is a full report each week that includes the latest share by loan type, the jumbo-conforming spread and details about refinance and government activity -- as well as other important mortgage data.



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