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Mortgage Market Index
A barometer of upcoming originations, the Mortgage Market Index includes data on jumbo, FHA and refinance activity. |
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| Post-Holiday Bounce for Mortgage Business
Mortgage Market Index 173 in week ended Feb. 26
Feb. 26, 2016
By Mortgage Daily staff
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Another week-over-week improvement in home loan rates helped lift new mortgage activity from a holiday week slowdown. But even with the decline in fixed rates, adjustable-rate activity accelerated.
In the week that ended on Feb. 26, the U.S. Mortgage Market Index from OpenClose and Mortgage Daily came in at 173. The index is a measure of average per-user rate locks by OpenClose clients.
Compared to the prior week's report, new mortgage business was 11 percent higher. But activity has softened from the same week last year, with a year-over-year decline of 14 percent recorded. |
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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.
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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.
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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
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Mortgage Market Index powered by
OpenClose
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Weekly MMI
by Year:
current
2016
2015
2014
2013
2012
2011
2010
2009
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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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