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mortgage news from industry experts

July 28, 2010

 

 


 

 


 

 


 

Week Ended July 28, 2010
 


 

 


 

 


 

National Average Loan Amount
$214,257
 


 

 


 

 


 

Top 3 States state
$291,229 DC
$290,117 HI
$274,709 MA
 


 

 


 

 


 

Bottom 3 States state
$135,825 SD
$138,503 WV
$149,409 MS
 


 

 


 

 


 

National Average Rate-Term Refinance Amount
$228,878
 


 

 


 

 


 

Top 3 States state
$301,377 HI
$292,634 DC
$282,349 CA
 


 

 


 

 


 

Bottom 3 States state
$136,215 SD
$145,914 WV
$158,088 AR
 


 

 


 

 


 

National Average Cashout Refinance Amount
$212,790
 


 

 


 

 


 

Top 3 States state
$308,000 DC
$288,924 AK
$276,693 OR
 


 

 


 

 


 

Bottom 3 States state
$124,470 WV
$132,438 SD
$136,443 IA
 


 

 


 

 


 

National Average Jumbo Loan Amount
$633,146
 


 

 


 

 


 

Top 3 States state
$1,000,000 KY
$892,000 VT
$890,944 IN
 


 

 


 

 


 

Bottom 3 States state
$480,250 AK
$507,086 HI
$531,000 MT
 


 

 


 

 


 

National Rate-Term Refinance Share
44.22%
 


 

 


 

 


 

National Cashout Refinance Share
14.55%
 


 

 


 

 


 

National Total Refinance Share
58.77%
 


 

 


 

 


 

HOT PRODUCTS
Product state State Average
Conv30 MA $298,057
Conv30 MO $204,429
Conv30 CA $291,269
Conv15 MA $268,256
Conv30 NJ $278,328
Conv30 IL $248,492
Conv30 KS $202,760
Conv15 MO $191,529
Conv30 TX $222,655
Conv30 NE $170,757
Conv30 AR $175,193
3 MA $272,905
FHA30 MO $147,697
FHA30 CA $281,633
Conv15 NE $149,526
 


 

 


 

 


 

Average rate for each product from All investors Number of Queries Product
4.485% 52805 Conv30
3.920% 25157 Conv15
3.470% 1126 5-1LiborARM
4.350% 18239 FHA30
4.020% 4214 FHA15
4.360% 5695 VA30
5.420% 2000 Jumbo30
 


 

 


 

 


 

Mortgage Market Index
310
 


 

 


 

 


 

 

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