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U.S. Mortgage Market Index

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origination news | mortgage rate news| ARM index table

Last Updated February 12, 2016 10:57 AM Central
 

MMI News

3-Month Activity

Refinances Surge as Mortgage Rates Tumble
Plunging mortgages rates drove refinance activity to the highest level in more than a year -- leaving overall lending activity busier than it's been in 10 months.
Mortgage Market Index 180 in week ended Feb.12


Mortgage Business Jumps to 9-Month High, Refis Soar
New mortgage activity leapt to the highest level in nine months as interest rates continued to improve. The impressive gain was fueled by a surge in refinance transactions, though jumbo activity also helped.


Mortgage Market Index 161 in week ended Feb. 5


Weekly Jumbo Business Tumbles as FHA Edges Up
New mortgage activity was slower last week, and jumbo business was out front of the deterioration. But government-insured volume managed a slight gain.
Mortgage Market Index 120 in week ended Jan. 29


Jumbo Leads Weekly Mortgage Business Up
Preliminary residential lending activity was busier this past week, and it was the jumbo mortgage sector that was out front of the week-over-week gain.
Mortgage Market Index 135 in week ended Jan. 22


Weekly Mortgage Activity Highest Since Last Year
An improvement in the interest rates charged on home loans had existing borrowers rushing to lock in lower rates on prospective refinances.
Mortgage Market Index 130 in week ended Jan. 15


Mortgage Market Index 180 in week ended Feb. 12

Week Ended
MMI
Purchase MMI
Refi MMI
Refi Share
ARM MMI
ARM Share
Conventional MMI
FHA MMI
FHA Share
Jumbo Index Jumbo Share
Average U.S. Loan Amount
Conforming 30-yr Fixed Rate
Jumbo 30-yr Fixed Rate Jumbo-Conforming Spread Conforming 15-yr Fixed Rate 15-yr - 30-yr Spread
Feb 12 180.241 70.244 159.669 88.59% 15.238 8.45% 137.525 42.716 23.70% 12.996 7.210% $272,012 3.65% 3.506% -0.144% 2.950% -0.70%
Feb 5 161.446 68.748 131.223 81.28% 10.158 6.29% 121.452 39.993 24.77% 12.996 8.050% $273,007 3.72% 3.516% -0.204% 3.010% -0.71%
Jan 29 119.639 53.286 90.656 75.78% 11.610 9.70% 88.750 30.889 25.82% 8.396 7.018% $264,851 3.79% 3.609% -0.181% 3.070% -0.72%
Jan 22 135.422 61.183 93.803 69.27% 11.610 8.57% 104.874 30.548 22.56% 14.951 11.04% $290,173 3.81% 3.563% -0.248% 3.100% -0.71%
Jan 15 129.518 56.528 99.260 76.64% 13.061 10.08% 100.246 29.272 22.60% 10.696 8.26% $275,409 3.92% 3.688% -0.233% 3.190% -0.73%
Jan 8 110.000 50.626 78.113 71.01% 14.270 12.97% 83.962 26.038 23.67% 8.511 7.74% $277,407 3.97% 3.804% -0.167% 3.260% -0.71%
Jan 1 86.145 39.653 60.061 69.72% 18.382 21.34% 64.616 21.528 24.99% 5.406 6.27% $278,666 4.01% 3.821% -0.189% 3.240% -0.77%
Dec 25 110.241 50.875 81.068 73.54% 13.061 11.85% 83.352 26.889 24.39% 8.281 7.51% $285,040 3.96% 3.812% -0.147% 3.220% -0.74%
Dec 18 153.855 67.002 124.246 80.75% 14.996 9.75% 116.245 37.611 24.44% 13.341 8.67% $296,969 3.97% 3.781% -0.189% 3.220% -0.75%
Dec 11 127.349 56.445 97.692 76.71% 17.173 13.48% 97.737 29.612 23.25% 9.661 7.59% $288,398 3.95% 3.786% -0.164% 3.190% -0.76%
Dec 4 136.626 61.266 99.420 72.77% 16.205 11.86% 103.951 32.675 23.92% 10.351 7.58% $277,538 3.93% 3.719% -0.211% 3.160% -0.77%
Nov 27 107.108 50.210 73.011 68.17% 9.917 9.26% 82.602 24.507 22.88% 9.546 8.91% $289,355 3.95% 3.729% -0.221% 3.180% -0.77%
Nov 20 132.169 62.347 88.291 66.80% 16.205 12.26% 102.812 29.357 22.21% 14.721 11.14% $294,898 3.97% 3.781% -0.189% 3.180% -0.79%
Nov 13 110.964 51.291 77.780 70.10% 18.140 16.35% 86.968 23.996 21.62% 8.626 7.77% $277,401 3.98% 3.875% -0.105% 3.200% -0.78%
*data provider changed to OpenClose from LoanSifter

Mortgage Market Index Archives 2016 weekly

Mortgage Market Index Archives 2015 weekly

Mortgage Market Index Archives 2014 weekly

Mortgage Market Index Archives 2013 weekly

Mortgage Market Index Archives 2012 weekly

Mortgage Market Index Archives 2011weekly

Mortgage Market Index Archives 2010 weekly

Mortgage Market Index Archives 2009 weekly



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.


Jumbo Mortgage News


FHA News | Government Resources | M o r t g a g e e Letters | FHA Statistics
FHA, VA and HECM mortgage news. HUD and G i n n i e news also. Originations, servicing and FHA approval.




Mortgage Market Index
A barometer of upcoming originations, the Mortgage Market Index includes data on jumbo, FHA and refinance activity.
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Weekly MMI
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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 OpenClose 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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