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July 7, 2010

Mortgage News




Week of 7/30/2010 to 7/7/2010




National Average Loan Amount
$217,645




Top 3 States state
$282,087 MA
$278,907 HI
$276,858 DC




Bottom 3 States state
$152,091 SD
$153,938 WV
$156,030 IA




National Average Rate-Term Refinance Amount
$231,763




Top 3 States state
$293,170 DC
$289,957 HI
$286,351 MA




Bottom 3 States state
$150,000 AK
$161,563 IA
$162,838 SD




National Average Cashout Refinance Amount
$218,535




Top 3 States state
$359,667 HI
$297,178 DC
$280,855 NH




Bottom 3 States state
$99,400 MT
$125,259 NV
$125,708 WV




National Average Jumbo Loan Amount
$656,192




Top 3 States state
$1,340,526 NM
$1,050,568 CO
$1,012,500 MT




Bottom 3 States state
$439,167 ID
$445,375 AL
$457,600 OR




National Rate-Term Refinance Share
45.52%




National Cashout Refinance Share
13.80%




National Total Refinance Share
59.32%




HOT PRODUCTS
Product state State Average
Conv30 MA $304,773
Conv30 MO $212,462
Conv30 CA $287,421
Conv15 MA $271,905
Conv30 KS $212,942
Conv30 NJ $281,071
Conv15 MO $191,806
Conv30 IL $245,605
Conv30 TX $226,506
Conv30 NE $179,136
3 MA $286,690
FHA30 MO $156,767
Conv30 AR $170,225
Conv15 CA $257,808
Conv30 VA $268,872




Average rate for each product from All investors Product
4.519% Conv30
3.960% Conv15
3.550% 5-1LiborARM
4.420% FHA30
4.040% FHA15
4.440% VA30
5.500% Jumbo30




Mortage Market Index
286




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