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U.S. Mortgage Market Index

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origination news | mortgage rate news| ARM index table

Last Updated May 26, 2017 5:44 PM Central
 

MMI News

3-Month Activity

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 Activity Slows Ahead of Mothers Day
As originators of residential loans headed into the Mothers Day weekend, new business turned lower. The decline was similar among all types of mortgages.
Mortgage Market Index down 11%
Weekly Jumbo Business Up Despite Worse Spread
Interest rates on jumbo mortgages went from being less than their conforming counterparts to more last week. Still, new jumbo business accelerated.


Mortgage Market Index up 9%
Refis Pull Down Weekly 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

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
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%
Mar 10 168.072 118.072 50.000 29.75% 15.579 9.27% 105.452 62.620 37.26% 7.361 4.38% $235,759 -0.01%
Mar 3 147.349 100.602 46.747 31.73% 15.368 10.43% 94.685 52.664 35.74% 11.156 7.57% $256,728 -0.01%
Feb 24 130.120 85.301 44.819 34.44% 10.105 7.77% 80.533 49.587 38.11% 8.971 6.89% $245,206 -0.10%
*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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