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U.S. Mortgage Market Index

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origination news | mortgage rate news| ARM index table

Last Updated December 2, 2016 12:35 PM Central
 

MMI News

3-Month Activity

New Mortgage Business Recovers From Holiday
As expected, new home-lending activity bounced back from the holiday week. Refinance and adjustable-rate business were the biggest beneficiaries, while jumbo activity took the biggest hit.

Mortgage Market Index 129
Mortgage Business Plunges in Holiday Week
The holiday week had a significantly negative impact on new mortgage activity, though business held up from a year ago. Leading the week-over-week decline was refinance business.

Mortgage Market Index down 33%
ARMs Overcome Drop in Weekly Mortgage Business
Increasing interest rates on residential loans negatively impacted new weekly mortgage business. But, as is typical in a rising-rate environment, demand for adjustable-rate mortgages strengthened.

Mortgage Market Index down 13%
Home Purchases Drive Up Mortgage Activity
Home purchase financing activity drove overall new mortgage activity to the highest level in more than three months. Adjustable-rate activity soared by a quarter.

Mortgage Market Index up 13%
Mortgage Refinances Overcome Weekly Purchase Slump
An increase in refinance activity more than offset a week-over-week slump in purchase financing as prospective refinance borrowers rushed to lock in their rates.


Mortgage Market Index up 1%
Mortgage Market Index 129

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
Dec 2 128.795 80.602 48.193 37.42% 14.947 11.61% 79.726 49.069 38.10% 5.636 4.38% $245,442 -0.13%
Nov 25 106.265 72.892 33.373 31.41% 10.526 9.91% 68.199 38.066 35.82% 6.901 6.49% $243,248 -0.07%
Nov 18 158.072 97.711 60.361 38.19% 16.632 10.52% 102.282 55.791 35.29% 9.546 6.04% $243,248 -0.07%
Nov 11 182.410 105.904 76.506 41.94% 14.105 7.73% 118.289 64.121 35.15% 15.066 8.26% $257,230 0.06%
Nov 4 161.084 90.241 70.843 43.98% 11.158 6.93% 104.711 56.373 35.00% 15.066 9.35% $263,584 0.02%
Oct 28 158.795 95.060 63.735 40.14% 11.368 7.16% 104.487 54.308 34.20% 11.731 7.39% $255,365 0.07%
Oct 21 163.253 93.012 70.241 43.03% 9.474 5.80% 108.660 54.593 33.44% 13.341 8.17% $255,734 0.01%
Oct 14 129.157 79.157 50.000 38.71% 7.158 5.54% 87.539 41.618 32.22% 11.501 8.91% $254,191 0.11%
Oct 7 161.807 98.072 63.735 39.39% 11.158 6.90% 114.396 47.411 29.30% 18.632 11.52% $267,116 0.08%
Sep 30 178.313 101.687 76.627 42.97% 14.737 8.27% 126.401 51.913 29.11% 17.712 9.93% $269,099 0.08%
Sep 23 168.313 99.157 69.157 41.09% 10.105 6.00% 116.294 52.020 30.91% 13.801 8.20% $254,691 0.08%
Sep 16 166.386 100.482 65.904 39.61% 10.947 6.58% 116.797 49.588 29.80% 17.712 10.65% $267,067 0.06%
Sep 9 169.036 93.855 75.181 44.48% 10.316 6.10% 120.343 48.694 28.81% 18.862 11.16% $278,646 0.03%
Sep 2 171.084 98.313 72.771 42.54% 11.158 6.52% 121.263 49.822 29.12% 18.632 10.89% $276,643 0.02%
*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 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.


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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