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U.S. Mortgage Market Index

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origination news | mortgage rate news| ARM index table

Last Updated July 22, 2016 2:59 PM Central
 

MMI News

3-Month Activity

Mortgage Refinances Retreat as Rates Rise
As mortgage rates ascended for the second straight week, new mortgage activity declined -- with refinance business taking a bigger hit than purchase financing.
Mortgage Market Index 177


15-Month High for New Weekly Mortgage Business
Although long-term interest rates for residential loans turned slightly higher, new mortgage business soared to the highest level in 15 months. Jumbo activity had the biggest gain.
Mortgage Market Index 209 in week ended July 15


Jumbo Overcomes Holiday Mortgage Slump
As was expected, new home-lending activity turned lower during the week that included the July 4th holiday. New jumbo business, however, actually accelerated.
Mortgage Market Index 166 in week ended July 8


Mortgage Refinances Soar to 4-Month High
In the first week following the historic Brexit vote, new mortgage refinance activity soared to the highest level in more than four months as rates plunged.
Mortgage Market Index 187 in week ended July 1


Refi Slump, Rate Rise Likely to Reverse on Brexit
As rates inched higher over the past week, new refinance activity tumbled. But recent developments in the United Kingdom are likely to reverse the latest activity.
Mortgage Market Index down 11% in week ended June 24


Mortgage Market Index 177 in week ended July 22

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
Conforming 30-yr Fixed Rate
Jumbo 30-yr Fixed Rate Jumbo-Conforming Spread Conforming 15-yr Fixed Rate 15-yr - 30-yr Spread
**Jul 22 176.506 111.205 65.301 37.00% 10.526 5.96% 117.000 59.515 33.72% 12.996 7.36% $255,510 3.45% 3.625% 0.175% 2.75% 0.70%
Week Ended
MMI
Purchase MMI
Refi MMI
Refi Share
ARM MMI
ARM Share
Conv 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
Jul 15 208.916 127.349 81.566 39.04% 13.474 6.45% 161.349 47.567 22.77% 18.057 8.64% $261,775 3.42% 3.5625% 0.143% 2.72% -0.70%
*Jul 8 166.506 108.434 58.072 34.88% 10.316 6.19% 132.724 33.782 20.29% 10.466 6.29% $257,838 3.41% 3.525% 0.115% 2.74% -0.67%
*Jul 1 187.229 116.867 70.361 37.58% 10.737 5.73% 141.790 45.439 24.27% 7.361 3.93% $245,232 3.48% 3.469% 0.011% 2.78% -0.70%
*Jun 24 156.867 107.470 49.398 31.49% 14.316 9.13% 117.300 39.568 25.22% 12.306 7.84% $247,842 3.56% 3.625% 0.065% 2.83% -0.73%
*Jun 17 176.747 118.193 58.554 33.13% 13.68 7.74% 131.48 45.269 25.61% 10.926 6.18% $250,026 3.54% 3.571% 0.031% 3.87% -0.73%
*Jun 10 181.205 128.072 53.132 29.32% 14.32 7.90% 131.09 50.119 27.66% 8.971 4.95% $243,474 3.60% 3.625% 0.025% 2.87% -0.73%
*Jun 3 158.072 109.880 48.193 30.49% 12.21 7.72% 120.29 37.781 23.90% 12.421 7.86% $265,381 3.66% 3.750% 0.090% 2.92% -0.74%
*May 27 171.928 122.410 49.518 28.80% 19.78 11.51% 129.30 42.631 24.80% 11.271 6.56% $252,271 3.64% 3.750% 0.110% 2.89% -0.75%
*May 20 178.916 123.133 55.783 31.18% 16.447 9.19% 131.52 47.396 26.49% 11.386 6.36% $257,712 3.58% 3.667% 0.087% 2.81% -0.77%
*May 13 180.361 123.735 56.626 31.40% 14.512 8.05% 136.539 43.822 24.30% 15.411 8.54% $259,005 3.57% 3.625% 0.055% 2.81% 0.76%
*May 6 199.639 135.904 63.735 31.93% 15.721 7.88% 147.137 52.502 26.30% 13.111 6.57% $254,888 3.61% 3.583% -0.027% 2.86% -0.75%
*Apr 29 156.626 115.904 40.723 26.00% 17.898 11.43% 114.676 41.951 26.78% 8.396 5.36% $238,529 3.66% 3.679% -0.019% 2.89% -0.77%
*Apr 22 188.554 132.530 56.024 29.71% 14.754 7.82% 141.328 47.226 25.05% 12.766 6.77% $254,313 3.59% 3.625% 0.035% 2.85% -0.74%
*Apr 15 187.229 126.506 60.723 32.43% 15.963 8.53% 141.024 46.205 24.68% 16.446 8.78% $262,498 3.58% 3.600% 0.020% 2.86% -0.72%
*Apr 8 197.229 133.253 63.976 32.44% 17.415 8.83% 145.918 51.311 26.02% 12.996 6.59% $263,489 3.59% 3.562% -0.028% 2.88% -0.71%
*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


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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