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Mortech-MortgageDaily.com Mortgage Market Index
Weekly report from Mortgage Inc. and MortgageDaily.com on loan activity and trends.

Mortech-MortgageDaily.com Mortgage Market Index for the Week Ended July 28, 2010






Week Ended July 28, 2010



National Average Loan Amount
$214,257



Top 3 States state
$291,229 DC
$290,117 HI
$274,709 MA



Bottom 3 States state
$135,825 SD
$138,503 WV
$149,409 MS



National Average Rate-Term Refinance Amount
$228,878



Top 3 States state
$301,377 HI
$292,634 DC
$282,349 CA



Bottom 3 States state
$136,215 SD
$145,914 WV
$158,088 AR



National Average Cashout Refinance Amount
$212,790



Top 3 States state
$308,000 DC
$288,924 AK
$276,693 OR



Bottom 3 States state
$124,470 WV
$132,438 SD
$136,443 IA



National Average Jumbo Loan Amount
$633,146



Top 3 States state
$1,000,000 KY
$892,000 VT
$890,944 IN



Bottom 3 States state
$480,250 AK
$507,086 HI
$531,000 MT



National Rate-Term Refinance Share
44.22%



National Cashout Refinance Share
14.55%



National Total Refinance Share
58.77%



HOT PRODUCTS
Product state State Average
Conv30 MA $298,057
Conv30 MO $204,429
Conv30 CA $291,269
Conv15 MA $268,256
Conv30 NJ $278,328
Conv30 IL $248,492
Conv30 KS $202,760
Conv15 MO $191,529
Conv30 TX $222,655
Conv30 NE $170,757
Conv30 AR $175,193
3 MA $272,905
FHA30 MO $147,697
FHA30 CA $281,633
Conv15 NE $149,526



Average rate for each product from All investors Number of Queries Product
4.485% 52805 Conv30
3.920% 25157 Conv15
3.470% 1126 5-1LiborARM
4.350% 18239 FHA30
4.020% 4214 FHA15
4.360% 5695 VA30
5.420% 2000 Jumbo30



Mortgage Market Index
310




Mortgage Market Index graph


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Refinance News
Stories about refinancing programs, pricing and production.

Mortgage Rates | Mortgage Market Index | ARM indices
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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About the Mortgage Market Index
The M o r t e c h-MortgageDaily.com Mortgage Market Index launched on Dec. 17, 2009.

The index itself reflects the average number of pricing inquiries pulled each week per Mortech Inc. user. Users -- loan originators and mortgage brokers -- pull the inquiries to find the wholesale mortgage lender with the lowest rate. The index is based on hundreds-of-thousands of monthly inquiries and is a good reflection of upcoming applications and production.

A byproduct of the Mortgage Market Index is a full report each week that includes the latest mortgage rates, refinancing trends and other important mortgage data.
On June 9, 2010, a programming glitch was identified that caused the Mortgage Market Index itself to reflect data that was one week old. The glitch impacted reports issued from April 14, 2010, to June 2, 2010. The reports have been revised to reflect to correct index.

As of March 24, 2010, the Mortgage Market Index converted from utilizing an inquiries-per-user metric to an actual index value. The modification, which was made as part of ongoing efforts to improve the index, was applied to previously issued reports. This change did not impact, however, the level of weekly changes.
P r i c i n g Engine
Search for lowest mortgage rates by location and program using same data as is used for Mortgage Market Index.
M o r t e c h Inc.


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