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A barometer of upcoming originations, the Mortgage Market Index includes data on jumbo, FHA and refinance activity.
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Holidays Dampen Demand, Rates Bounce off Bottom

Mortgage Market Index 193 for week ended Dec. 23

Dec. 23, 2011

By MortgageDaily.com staff


The U.S. Mortgage Market Index from Mortech Inc. and MortgageDaily.com for the week ended Dec. 23 was 193.

It was the slowest week for loan inquiries since the Thanksgiving index of 161.

The 30-year mortgage average fell to the lowest on record, but an analysis of market data reported by the Department of the Treasury indicates that mortgage rates could be around 12 basis points worse by the time the next report rolls around.

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Mortgage Market Index 193 for week ended Dec. 23


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About the Mortgage Market Index
The U.S. Mortgage Market Index launched on Dec. 17, 2009.

The index itself reflects the average number of rate locks each week per LoanSifter originator-user. The index is an excellent indicator of upcoming mortgage 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.



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