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mortgage news from industry experts

June 16, 2010

 




Week Ended Jun 16, 2010
 


 

 


 

 


 

National Average Loan Amount
$211,982
 


 

 


 

 


 

Top 3 States state
$300,066 DC
$281,099 AK
$275,626 MA
 


 

 


 

 


 

Bottom 3 States state
$151,279 ND
$152,083 SD
$153,599 NE
 


 

 


 

 


 

National Average Rate-Term Refinance Amount
$229,216
 


 

 


 

 


 

Top 3 States state
$340,042 DC
$285,034 CT
$283,310 MA
 


 

 


 

 


 

Bottom 3 States state
$143,967 ND
$153,468 NE
$164,894 IA
 


 

 


 

 


 

National Average Cashout Refinance Amount
$213,858
 


 

 


 

 


 

Top 3 States state
$375,000 AK
$351,259 DC
$272,000 HI
 


 

 


 

 


 

Bottom 3 States state
$112,109 MS
$143,046 AR
$148,391 WV
 


 

 


 

 


 

National Average Jumbo Loan Amount
$654,990
 


 

 


 

 


 

Top 3 States state
$1,222,132 IN
$935,000 OR
$930,294 MI
 


 

 


 

 


 

Bottom 3 States state
$450,000 ND
$464,072 NE
$472,500 AK
 


 

 


 

 


 

National Rate-Term Refinance Share
35.380%
 


 

 


 

 


 

National Cashout Refinance Share
13.660%
 


 

 


 

 


 

National Total Refinance Share
49.040%
 


 

 


 

 


 

HOT PRODUCTS
Product state State Average
Conv30 MA $299,441
Conv30 MO $201,619
Conv30 CA $275,554
Conv30 NJ $287,596
Conv30 IL $249,760
Conv30 TX $213,517
Conv15 MA $262,341
Conv30 KS $194,816
FHA30 TX $168,161
FHA30 CA $268,058
FHA30 MA $287,351
Conv30 AR $181,144
Conv30 NE $174,211
Conv15 TX $188,886
FHA30 MO $152,251
 


 

 


 

 


 

Average rate for each product from All investors Product
4.763% Conv30
4.140% Conv15
3.700% 5-1LiborARM
4.620% FHA30
4.270% FHA15
4.680% VA30
5.680% Jumbo30
 


 

 


 

 


 

Mortgage Market Index
257



 

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