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U.S. Mortgage Market Index

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origination news | mortgage rate news| ARM index table

Last Updated June 16, 2017 3:47 PM Central
 

MMI News

3-Month Activity

Conventional Drives Mortgage Business Higher
A week-over-week surge in conventional activity was the primary driver of a rise in new mortgage business, though cashout refinance and adjustable-rate activity also jumped.
Mortgage Market Index up 4%
Gov Leads Weekly Mortgage Business Higher
With government activity leading the way, weekly new mortgage business leapt higher from the holiday week. Rates on jumbo mortgages became less attractive.


Mortgage Market Index up 36%
Memorial Day Slump for New Mortgage Business
New mortgage refinance activity tumbled this past week, dragging down overall home-lending activity. Government lending business, though, held up.


Mortgage Market Index down 7%
ARMs Defy Overall Weekly Mortgage Slump
Although a week-over-week decline in new mortgage business was mostly across-the-board, adjustable-rate mortgage activity rose -- with ARM share at its widest in over a year.


Mortgage Market Index down 16%
Mortgage Business Jumps, Jumbo Soars
New mortgage business took a giant leap following Mothers Day. Although jumbo rates deteriorated, new jumbo activity doubled during the latest seven-day period.


Mortgage Market Index up 26%
Mortgage Market Index up 4%

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 Jumbo-Conforming Spread
Jun 16 163.012 109.518 53.494 32.82% 18.947 11.62% 103.151 59.861 36.72% 10.351 6.35% $241,490 0.03%
Jun 9 157.470 107.952 49.518 31.45% 13.684 8.69% 92.847 64.623 41.04% 10.121 6.43% $244,335 0.05%
Jun 2 115.783 81.807 33.976 29.34% 10.737 9.27% 72.889 42.894 37.05% 9.661 8.34% $242,591 -0.01%
May 26 154.940 111.446 43.494 28.07% 19.158 12.37% 95.908 59.032 38.10% 13.916 9.0% $242,115 -0.01%
May 19 184.699 133.253 51.446 27.85% 16.421 8.89% 122.845 61.853 33.49% 17.252 9.34% $259,733 0.03%
May 12 146.386 105.542 40.843 27.90% 15.579 10.64% 92.446 53.940 36.85% 8.626 5.89% $249,746 -0.01%
May 5 165.181 118.916 46.265 28.01% 17.053 10.32% 104.512 60.669 36.73% 8.626 5.22% $246,197 0.03%
Apr 28 152.169 110.964 41.205 27.08% 12.632 8.30% 95.540 56.629 37.26% 7.246 4.76% $236,009 -0.08%
Apr 21 164.217 116.386 47.831 29.13% 13.474 8.21% 107.993 56.224 34.24% 11.961 7.28% $244,747 -0.05%
Apr 14 157.470 110.241 47.229 29.99% 17.263 10.96% 102.316 55.154 35.03% 11.501 7.30% $252,638 -0.08%
Apr 7 167.831 116.867 50.964 30.37% 14.105 8.40% 100.931 66.900 39.86% 9.086 5.41% $240,054 -0.10%
Mar 31 147.952 99.036 48.916 33.06% 13.263 8.97% 92.303 55.648 37.61% 7.591 5.13% $240,110 -0.06%
Mar 24 168.193 116.627 51.566 30.66% 12.211 7.26% 106.011 62.182 36.97% 7.821 4.65% $232,357 -0.11%
Mar 17 186.867 131.687 55.181 29.53% 17.263 9.24% 119.129 67.738 36.25% 11.386 6.09% $246,223 0.00%
*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 2017 weekly

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.

www.financeofamerica.com

Jumbo Mortgage News
Origination, issuance and performance data and news for large-balance mortgages.



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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