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U.S. Mortgage Market Index

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origination news | mortgage rate news| ARM index table

Last Updated August 26, 2016 11:35 AM Central
 

MMI News

3-Month Activity

Purchases Overcome Dip in Weekly Mortgage Activity
While new weekly refinance activity slowed for the second week in a row, purchase-money business turned higher. Jumbo business had a healthy week-over-week gain.
Mortgage Market Index 169


Weekly Mortgage Activity Off Despite Dip in Rates
Even though there was a modest improvement in rates, new mortgage business slowed this past week. Still, activity was solidly stronger than it was at this point last year.
Mortgage Market Index 174


Purchase, Conv Pull Down Weekly Mortgage Activity
A week-over-week decline in new home-lending activity was driven by purchase and conventional financing, though jumbo business also played a role.
Mortgage Market Index 185


Refinances Drive Up New Mortgage Activity
As interest rates on residential loans turned lower, new refinance activity surged to the highest level in 17 months -- driving up overall activity in the process.
Mortgage


Mortgage Refinances Rise, Purchases Fall
A week-over-week increase in new refinance business wasn't quite enough to offset a decline in purchase activity. Adjustable-rate and jumbo activity accelerated.
Mortgage Market Index 175


Mortgage Market Index 169

Week Ended
MMI
Purchase MMI
Refi MMI
Refi Share
ARM MMI
ARM Share
Conv MMI
Gov MMI
Gov 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
Aug 26 168.916 101.205 67.711 40.09% 8.421 4.99% 117.372 51.544 30.51% 14.951 8.85% $259,029 3.43% 3.50% 0.07% 2.74% 0.69%
Aug 19 173.976 99.639 74.337 42.73% 12.632 7.26% 118.092 55.883 32.12% 12.996 7.47% $262,114 3.43% 3.53% 0.10% 2.74% 0.69%
Aug 12 185.422 104.217 81.205 43.80% 12.421 6.70% 122.335 63.087 34.02% 16.792 9.06% $276,790 3.45% 3.55% 0.10% 2.76% 0.69%
Aug 5 199.157 115.783 83.373 41.86% 10.947 5.50% 136.062 63.094 31.68% 19.092 9.59% $271,309 3.43% 3.54% 0.11% 2.74% 0.69%
Jul 29 174.699 104.699 70.000 40.07% 12.421 7.11% 121.729 52.970 30.32% 15.181 8.69% $263,082 3.48% 3.63% 0.15% 2.78% 0.70%
**Jul 22 176.506 111.205 65.301 37.00% 10.526 5.96% 117.000 59.515 33.72% 12.996 7.36% $255,510 3.45% 3.63% 0.18% 2.75% 0.70%
Week Ended
MMI
Purchase MMI
Refi MMI
Refi Share
ARM MMI
ARM Share
Conv 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
Jul 15 208.916 127.349 81.566 39.04% 13.474 6.45% 161.349 47.567 22.77% 18.057 8.64% $261,775 3.42% 3.5625% 0.143% 2.72% -0.70%
*Jul 8 166.506 108.434 58.072 34.88% 10.316 6.19% 132.724 33.782 20.29% 10.466 6.29% $257,838 3.41% 3.525% 0.115% 2.74% -0.67%
*Jul 1 187.229 116.867 70.361 37.58% 10.737 5.73% 141.790 45.439 24.27% 7.361 3.93% $245,232 3.48% 3.469% 0.011% 2.78% -0.70%
*Jun 24 156.867 107.470 49.398 31.49% 14.316 9.13% 117.300 39.568 25.22% 12.306 7.84% $247,842 3.56% 3.625% 0.065% 2.83% -0.73%
*Jun 17 176.747 118.193 58.554 33.13% 13.68 7.74% 131.48 45.269 25.61% 10.926 6.18% $250,026 3.54% 3.571% 0.031% 3.87% -0.73%
*Jun 10 181.205 128.072 53.132 29.32% 14.32 7.90% 131.09 50.119 27.66% 8.971 4.95% $243,474 3.60% 3.625% 0.025% 2.87% -0.73%
*Jun 3 158.072 109.880 48.193 30.49% 12.21 7.72% 120.29 37.781 23.90% 12.421 7.86% $265,381 3.66% 3.750% 0.090% 2.92% -0.74%
*May 27 171.928 122.410 49.518 28.80% 19.78 11.51% 129.30 42.631 24.80% 11.271 6.56% $252,271 3.64% 3.750% 0.110% 2.89% -0.75%
*refinance and purchase activity revised
**VA activity added to report on July 22. "FHA MMI" changed to "Gov MMI" and "FHA Share" changed to "Gov Share." Conv MMI adjusted down to reflect VA activity.

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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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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