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Last Updated December 11, 2017 11:19 AM Central
 

MMI News

3-Month Activity

Weekly Mortgage Business Strengthens, Gov Leads
New mortgage activity turned sharply higher last week. While government-backed programs had the largest gains, rate-term refinance business reached a 10-month high.
Rate-term refinance activity at 10-month high
Refis Lead Recovery in Weekly Mortgage Business
New residential lending activity during the past seven days took a big leap from the holiday week. Leading the week-over-week improvement was surging refinance business.

Mortgage Market Index up from Thanksgiving week
Refis Drive Yr-Over-Yr Rise in Weekly Mortgage Biz
Compared to the week last year that included Thanksgiving, new mortgage business ascended -- and it was refinances that drove the improvement. But refinances also led a week-over-week reduction in overall activity.

Refis lead week-over-week decline
Purchases Pull Down Weekly Mortgage Business
Home purchase financing activity tumbled during the week that included Veterans Day, dragging down overall business. But cashout refinance activity was the strongest it's been in over four years.

Cashout refinance business best in more than 4 years
16-Month High for Veterans Mortgage Business
Mortgage loan originators locked in more loans for veterans than they have during any week in at least 16 months. Government led a week-over-week gain in overall business.

Week-over-week gain in overall activity led by government
Rate-term refinance activity at 10-month high

Week Ended MMI Purchase MMI Refi MMI Refi Share ARM MMI ARM Share Conv MMI Gov MMI Gov Share Jumbo Index Jumbo Share Average Loan Amount Jumbo-Conforming Spread
Dec 8 157.952 87.349 70.602 44.70% 15.579 9.86% 94.329 63.623 40.28% 11.156 7.06% $250,136 0.16%
Dec 1 136.988 76.988 60.00 43.80% 13.05 9.53% 84.871 52.117 38.04% 10.696 7.81% $255,150 0.16%
Nov 24 112.048 68.072 43.976 39.25% 14.316 12.78% 65.944 46.105 41.15% 10.466 9.34% $239,845 0.14%
Nov 17 149.880 81.928 67.952 45.34% 16.211 10.82% 91.439 58.441 38.99% 10.696 7.14% $238,233 0.03%
Nov 10 162.289 92.771 69.518 42.84% 13.474 8.30% 96.128 66.161 40.77% 10.581 6.52% $236,140 0.13%
Nov 3 145.181 82.410 62.771 43.24% 14.526 10.01% 95.733 49.448 34.06% 11.041 7.61% $243,094 0.19%
Oct 27 152.892 91.446 61.446 40.19% 22.947 15.01% 91.918 60.973 39.88% 11.846 7.75% $244,867 0.15%
Oct 20 148.795 89.880 58.916 39.60% 18.316 12.31% 89.781 59.014 39.66% 10.926 7.34% $246,863 0.15%
Oct 13 127.952 76.627 51.325 40.11% 12.842 10.04% 74.977 52.974 41.40% 9.891 7.73% $231,584 0.12%
Oct 6 151.566 94.217 57.349 37.84% 14.737 9.72% 90.616 60.950 40.21% 10.811 7.13% $243,060 0.12%
Sep 29 133.373 82.651 50.723 38.03% 21.474 16.10% 84.406 48.968 36.72% 12.651 9.49% $252,112 0.14%
Sep 22 138.675 85.181 53.494 38.58% 16.632 11.99% 84.871 53.803 38.80% 10.926 7.88% $239,188 0.11%
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%
*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.

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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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