| March 2010 |
March 10 |
March 3 |
| Inquiries-Per-User |
34 |
35 |
| Average U.S. Loan Amount |
$208,132 |
$209,038 |
| No. 1 State |
HI $289,626 |
DC $298,261 |
| No. 2 State |
MA $273,405 |
HI $294,380 |
| No. 3 State |
DC $270,944 |
MA $274,858 |
| Bottom State |
NE $148,487 |
ND $140,272 |
| Average Rate-Term Refi Loan Amount |
$226,484 |
$225,717 |
| Average Cashout Refi Loan Amount |
$213,055 |
$216,738 |
| Average U.S. Jumbo Loan Amount |
$647,120 |
$642,825 |
| U.S. Rate-Term Refinance Share |
29.13% |
30.28% |
| U.S. Cashout Refinance Share |
13.79% |
14.34% |
| U.S. Total Refinance Share |
42.92% |
44.62% |
| 30-year Conventional Rate |
4.875% |
4.875% |
| 15-year Conventional Rate |
4.250% |
4.250% |
| 30-year Jumbo Rate |
5.750% |
5.750% |
| Number of Mortech Inquiries |
135,416 |
139,881 |
| February 2010 |
Feb. 24 |
Feb. 17 |
Feb. 10 |
Feb. 3 |
| Inquiries-Per-User |
34 |
31 |
35 |
32
(est.) |
| Average U.S. Loan Amount |
$205,271 |
$207,754 |
$210,624 |
$207,116 |
| No. 1 State |
DC $283,856 |
DC $299,465 |
DC $309,953 |
HI $311,557 |
| No. 2 State |
AK $283,205 |
MA $274,789 |
HI $290,740 |
AK $299,458 |
| No. 3 State |
HI $275,277 |
NJ $260,986 |
AK $275,756 |
DC $284,764 |
| Bottom State |
WV $151,910 |
WV $144,974 |
WV $142,411 |
WV $132,993 |
| Average Rate-Term Refi Loan Amount |
$219,794 |
$224,506 |
$226,570 |
$220,097 |
| Average Cashout Refi Loan Amount |
$211,251 |
$213,046 |
$219,547 |
$214,582 |
| Average U.S. Jumbo Loan Amount |
$640,311 |
$643,379 |
$637,678 |
$657,7001 |
| U.S. Rate-Term Refinance Share |
29.25% |
30.52% |
33.25% |
32.39% |
| U.S. Cashout Refinance Share |
14.31% |
14.04% |
15.10% |
15.14% |
| U.S. Total Refinance Share |
43.56% |
44.56% |
48.35% |
47.53% |
| 30-year Conventional Rate |
4.875% |
4.875% |
4.875% |
4.875% |
| 15-year Conventional Rate |
4.250% |
4.250% |
4.250% |
4.250% |
| 30-year Jumbo Rate |
6.000% |
6.000% |
5.750% |
6.000% |
| Number of Mortech Inquiries |
135,397 |
119,049 |
139,529 |
128,924 |
| January 2010 |
Jan. 27 |
Jan. 20 |
Jan. 13 |
Jan. 6 |
| Average U.S. Loan Amount |
$207,792 |
$207,927 |
$207,109 |
$203,953 |
| No. 1 State |
HI $318,252 |
DC $324,894 |
DC $287,837 |
DC $276,239 |
| No. 2 State |
DC $316,394 |
MA $266,706 |
HI $271,777 |
MA $270,000 |
| No. 3 State |
MA $269,264 |
DE $263,784 |
MA $268,657 |
AK $256,958 |
| Bottom State |
ND $129,839 |
ND $136,751 |
ND $131,075 |
WV $126,832 |
| Average Rate-Term Refi Loan Amount |
$222,872 |
$222,177 |
$221,632 |
$219,581 |
| Average Cashout Refi Loan Amount |
$214,717 |
$212,069 |
$207,277 |
$206,257 |
| Average U.S. Jumbo Loan Amount |
$659,791 |
$659,348 |
$676,182 |
$659,853 |
| U.S. Rate-Term Refinance Share |
33.94% |
32.42% |
31.99% |
29.06% |
| U.S. Cashout Refinance Share |
15.68% |
15.99% |
15.45% |
14.20% |
| U.S. Total Refinance Share |
49.62% |
48.41% |
47.44% |
43.26% |
| Hottest Product |
MA Conv30 |
MA Conv30 |
MA Conv30 |
MA Conv30 |
| 30-year Conventional Rate |
4.875% |
4.875% |
4.875% |
5.250% |
| 15-year Conventional Rate |
4.250% |
4.250% |
4.250% |
4.375% |
| 30-year Jumbo Rate |
6.000% |
5.750% |
6.000% |
6.125% |
| Number of Mortech Inquiries |
143,532 |
121,399 |
133,344 |
89,590 |
| December 2009 |
Dec. 30 |
Dec. 23 |
Dec. 16 |
| Average U.S. Loan Amount |
$202,746 |
$209,354 |
$207,385 |
| No. 1 State |
HI $267,417 |
DC $290,603 |
DC $299,851 |
| No. 2 State |
MA $264,662 |
HI $273,977 |
HI $288,958 |
| No. 3 State |
DC $259,394 |
MA $271,210 |
MA $268,676 |
| Bottom State |
NE $138,642 |
NE $143,587 |
NE $142,657 |
| Average Rate-Term Refi Loan Amount |
$217,797 |
$227,235 |
$223,329 |
| Average Cashout Refi Loan Amount |
$201,602 |
$213,189 |
$210,678 |
| Average U.S. Jumbo Loan Amount |
$650,342 |
$654,668 |
$999,521 |
| U.S. Rate-Term Refinance Share |
26.87% |
35.20% |
36.53% |
| U.S. Cashout Refinance Share |
12.27% |
14.65% |
15.42% |
| U.S. Total Refinance Share |
39.14% |
49.85% |
51.95% |
| Hottest Product |
MA Conv 30 |
MA Conv 30 |
MA Conv 30 |
| 30-year Conventional Rate |
5.250% |
4.875% |
4.875% |
| 15-year Conventional Rate |
4.375% |
4.250% |
4.250% |
| 30-year Jumbo Rate |
6.125% |
6.000% |
6.000% |
| Number of Mortech Inquiries |
na |
na |
na |
|
New Mortgage Report Launching
Mortech-MortgageDaily.com to track weekly data
Dec. 17, 2009
By MortgageDaily.com staff
A new mortgage report provides a snapshot of weekly activity. The inaugural edition indicated that the country's average loan amount was just over $200,000, and the biggest jumbo loans were in the Show Me State.
Mortech Inc. and MortgageDaily.com are launching the report, which looks at weekly rates, volume and trends.
Today's report for the seven days ended Dec. 16 was based on more than 100,000 pricing engine inquiries by Mortech's more than 10,000 users. The Lincoln, Neb.-based technology company gets about a half million inquiries each month.
The national average loan amount was $207,385, according to the report. Washington, D.C.'s, $299,851 was the highest average, followed by $288,958 in Hawaii and $268,676 in Massachusetts.
On the low end of the scale was Nebraska, where the average home loan amount was $142,657.
The average U.S. jumbo mortgage was $999,521, according to the report. Missouri's $2,062,623 was the highest average jumbo loan amount, while $435,000 in Arkansas was the lowest.
Rate-term refinances accounted for 37 percent of the latest period's activity, while cashout refinances represented another 15 percent.
Mortgage activity was dominated by the conventional 30-year fixed-rate program, which averaged 4.875 percent this week. But some borrowers opted for conventional 15-year fixed rates, which averaged 4.25%, and FHA 30-year loans, which averaged 4.75 percent.
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