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Last Updated September 15, 2017 5:52 PM Central
 

MMI News

3-Month Activity

Mortgage Biz Up, ARM Share Widest in 20 Months
Driven primarily by refinances, weekly new mortgage business moved up from the holiday week. The share of adjustable-rate mortgage activity reached the highest level in 20 months.


Refinances push up Mortgage Market Index
New Mortgage Business Down in Holiday Week
The holiday week took a toll on new mortgage business, with adjustable-rate mortgage activity erasing prior-week gains. Jumbo business was the only category this week to rise.


ARMs lead week-over-week drop
ARMs Defy Weekly Dip in New Mortgage Activity
Heading into Labor Day, new home-lending business turned mildly lower. That wasn't the case, however, for adjustable-rate mortgage activity.


Mortgage Market Index down 4%
Gov Programs Lead Surge in New Mortgage Business
New home-lending activity turned solidly higher this past week, and it was government mortgage programs that saw the biggest week-over-week gain.


Weekly Mortgage Market Index up 9%
Purchases Offset Refi Gain 3rd Consecutive Week
For the third week in a row, an increase in cashout-driven refinance activity has been more than offset by deterioration in the volume of purchase financing activity.


Weekly Mortgage Market Index off less than 1%
ARMs lead week-over-week drop

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
Sep 15 142.651 85.301 57.349 40.20% 20.842 14.61% 87.016 55.635 39.00% 11.041 7.74% $238,761 0.10%
Sep 8 131.687 82.892 48.795 37.05% 13.474 10.23% 80.931 50.756 38.54% 10.236 7.77% $242,234 0.03%
Sep 1 154.096 98.072 56.024 36.36% 16.21 10.52% 94.791 59.306 38.49% 10.696 6.94% $243,130 0.01%
Aug 25 160.361 102.771 57.590 35.91% 15.16 9.45% 98.460 61.902 38.60% 10.811 6.74% $226,903 0.06%
Aug 18 146.627 93.494 53.133 36.24% 15.37 10.48% 93.546 53.081 36.20% 10.696 7.30% $245,509 0.07%
Aug 11 147.108 95.542 51.566 35.05% 19.58 13.31% 90.220 56.889 38.67% 10.466 7.11% $251,081 0.08%
Aug 4 155.301 106.747 48.554 31.27% 13.90 8.95% 96.376 58.925 37.94% 10.236 6.59% $242,163 0.05%
Jul 28 155.904 112.289 43.614 27.98% 15.37 9.86% 92.490 63.414 40.68% 11.156 7.16% $234,705 0.08%
Jul 21 152.048 104.337 47.711 31.38% 14.95 9.83% 92.444 59.604 39.20% 11.156 7.34% $248.897 0.07%
Jul 14 171.928 119.036 52.892 30.76% 16.842 9.80% 104.898 67.030 38.99% 9.891 5.75% $242,661 0.10%
Jul 7 106.506 76.747 29.759 27.94% 7.789 7.31% 61.832 44.674 41.95% 10.121 9.50% $237,821 0.17%
Jun 30 148.916 103.735 45.181 30.34% 13.895 9.33% 92.486 56.430 37.89% 10.351 6.95% $237,774 0.12%
Jun 23 134.458 94.458 40.000 29.75% 12.000 8.93% 81.093 53.365 39.69% 10.581 7.87% $231,241 0.10%
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%
*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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