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U.S. Mortgage Market Index powered by

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origination news | mortgage rate news | ARM index table

Last Updated Friday, April 18, 2014 06:01 PM Central

MMI News


3-Month Activity

Refinances Lead Decline in Weekly Mortgage Business

Mortgage Market Index 174 in week ended April 18

Heading into the semi-holiday weekend, loan originators turned down the volume on new business. A bump in fixed rates dampened demand for refinances.

Mortgage Biz Jumps as Jumbo Rates Under Conforming

Mortgage Market Index 188 in week ended April 11

An overall improvement in mortgage rates had refinance inquiries surging more than 20 percent. But the bigger news this week was that interest rates on jumbo mortgages were less than conforming rates.

Jumbo Business Holds Up Amid Overall Weekly Decline

Mortgage Market Index 164 in week ended April 4

The difference between interest rates on conforming loans and jumbo mortgages evaporated, helping jumbo activity avoid the broad-based decline that hit weekly business.

New Mortgage Activity Holds as Rates Little Changed

Mortgage Market Index 173 in week ended March 28

With refinance activity having subsided, the overall level of new mortgage business has been fairly consistent. Government activity fared worst this past week, while the conventional category had the biggest gain.

FHA Business Increases

Mortgage Market Index 174 in week ended March 21

New mortgage business was relatively flat this week despite an improvement in government-insured activity. Also moving higher were purchase financing inquiries and jumbo business.

Mortgage Market Index 174 in week ended April 18

Week Ended
MMI
Purchase MMI
Refi MMI
Refi Share
ARM MMI
ARM Share
Conventional MMI
FHA MMI
FHA Share
Jumbo Index Jumbo Share
Average U.S. Loan Amount
Conforming 30-yr Fixed Rate
Jumbo 30-yr Fixed Rate Jumbo-Conforming Spread Conforming 15-yr Fixed Rate 15-yr - 30-yr Spread
Apr 18 173.563 96.525 77.038 44.39% 23.806 13.72% 108.794 27.270 15.71% 18.375 10.59% $319,727 4.661% 4.645% -0.016% 3.645% 1.016%
Apr 11 187.895 102.525 85.365 45.43% 25.271 13.45% 119.428 29.265 15.58% 18.738 9.97% $322,221 4.648% 4.643% -0.005% 3.633% 1.016%
Apr 4 164.402 93.73 70.666 42.98% 22.936 13.95% 102.798 26.457 16.09% 17.285 10.51% $325,069 4.737% 4.738% 0.001% 3.753% 0.984%
Mar 28 173.355 98.63 74.711 43.10% 24.144 13.93% 109.375 28.250 16.30% 17.115 9.87% $317,319 4.714% 4.743% 0.030% 3.719% 0.995%
Mar 21 174.028 98.00 76.030 43.79% 23.790 13.67% 107.699 29.407 16.90% 17.678 10.16% $316,450 4.694% 4.742% 0.049% 3.702% 0.992%
Mar 14 174.316 94.65 79.667 45.70% 23.908 13.71% 110.036 27.117 15.56% 17.189 9.86% $320,463 4.677% 4.739% 0.062% 3.656% 1.021%
Mar 07 164.982 87.84 77.140 46.76% 22.469 13.62% 104.907 25.715 15.59% 17.149 10.39% $320,205 4.648% 4.723% 0.076% 3.625% 1.023%
Feb 28 164.017 86.45 77.557 47.29% 22.520 13.73% 105.476 25.215 15.37% 15.929 9.71% $317,372 4.647% 4.709% 0.062% 3.638% 1.009%
Feb 21 145.342 77.84 67.500 46.44% 19.146 13.17% 91.512 22.911 15.76% 14.878 10.24% $316,096 4.669% 4.721% 0.052% 3.667% 1.002%
Feb 14 156.565 80.47 76.085 48.60% 20.189 12.90% 99.743 23.608 15.08% 16.494 10.53% $318,311 4.629% 4.683% 0.054% 3.638% 0.990%
Feb 7 172.827 83.51 89.312 51.68% 21.934 12.69% 112.621 24.682 14.28% 16.439 9.51% $317,871 4.598% 4.714% 0.116% 3.623% 0.975%
Jan 31 168.311 83.69 84.618 50.28% 21.325 12.67% 106.963 26.032 15.47% 16.167 9.61% $313,721 4.652% 4.752% 0.101% 3.690% 0.961%
Jan 24 157.098 80.56 76.536 48.72% 19.569 12.46% 99.570 24.746 15.75% 14.910 9.49% $309,240 4.690% 4.819% 0.129% 3.725% 0.965%
Jan 17 171.709 86.785 84.922 49.46% 20.232 11.78% 109.087 27.968 16.29% 15.735 9.16% $30,5892 4.707% 4.841% 0.134% 3.745% 0.962%
*see right colum

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.pointserv.com


Jumbo Mortgage News


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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www.loansifter.com

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MMI home page

2014 weekly MMI

2013 weekly MMI

2012 weekly MMI

2011 weekly MMI

2010 weekly MMI

2009 weekly MMI


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 Optimal Blue 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.

A potential error in data for the weeks from Nov. 22, 2013, through Dec. 13, 2013, could have share data off.
On April 12, 2013, LoanSifter began supplying the underlying data for the Mortgage Market Index. As a result, the basis for index activity was changed to average pricing inquiries per LoanSifter user. Read white paper about LoanSifter data.
On Dec. 14, 2012, Optimal Blue replaced Mortech Inc. as the data provider for the Mortgage Market Index. As a result, rate locks replaced pricing inquiries as the basis for activity.
On Jan. 16, 2012, data for jumbo share and a jumbo index was added.
On Jan. 13, 2012, an adjustment was made to the calculation for the share of refinances versus purchases. This had the effect of increasing the weekly refinance share from 66.3% to 70.0% and reducing the purchase share by the difference.
On Feb. 11, 2011, the end of the week for the Mortgage Market Index was moved from Wednesday until Friday.
ARM-share data was added as of Feb. 11, 2011.
On June 9, 2010, a programming glitch was identified that caused the Mortgage Market Index itself to reflect data that was one week old. The glitch impacted reports issued from April 14, 2010, to June 2, 2010. The reports have been revised to reflect the correct index.

As of March 24, 2010, the Mortgage Market Index converted from utilizing an inquiries-per-user metric to an actual index value. The modification, which was made as part of ongoing efforts to improve the index, was applied to previously issued reports. This change did not impact, however, the level of weekly changes.
Refinance News
News about refinancing programs, pricing and production.
H A R P 2.0 news.
Origination News

Originations by Lender

Origination Statistics

FHA Originations

Market Share Statistics


Mortgage Statistics

Mortgage Rate News

ARM indices



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