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mortgage news from industry experts

August 25, 2010

 

 


 

 


 

 


 

Week Ended Aug. 25, 2010
 


 

 


 

 


 

National Average Loan Amount
$214,838
 


 

 


 

 


 

Top 3 States state
$290,953 DC
$281,500 VT
$274,269 MA
 


 

 


 

 


 

Bottom 3 States state
$151,741 SD
$155,228 MS
$156,300 NE
 


 

 


 

 


 

National Average Rate-Term Refinance Amount
$228,106
 


 

 


 

 


 

Top 3 States state
$289,744 DC
$287,398 CA
$284,870 MD
 


 

 


 

 


 

Bottom 3 States state
$163,057 NE
$164,007 SD
$164,171 MS
 


 

 


 

 


 

National Average Cashout Refinance Amount
$212,800
 


 

 


 

 


 

Top 3 States state
$320,833 VT
$298,359 DC
$285,411 OR
 


 

 


 

 


 

Bottom 3 States state
$110,000 ND
$129,075 MI
$138,539 NE
 


 

 


 

 


 

National Average Jumbo Loan Amount
$636,945
 


 

 


 

 


 

Top 3 States state
$1,184,844 NM
$909,091 MT
$894,140 IN
 


 

 


 

 


 

Bottom 3 States state
$486,786 ID
$538,967 OR
$540,000 WV
 


 

 


 

 


 

National Rate-Term Refinance Share
48.76%
 


 

 


 

 


 

National Cashout Refinance Share
15.15%
 


 

 


 

 


 

National Total Refinance Share
63.91%
 


 

 


 

 


 

HOT PRODUCTS
Product state State Average
Conv30 MA $295,083
Conv30 MO $201,992
Conv30 CA $304,267
Conv30 NJ $279,021
Conv15 MA $267,545
Conv15 MO $181,924
Conv30 KS $216,282
Conv30 TX $209,050
Conv30 IL $238,967
Conv30 NE $180,085
Conv30 AR $182,304
Conv30 VA $259,059
3 MA $272,401
Conv30 PA $246,646
Conv15 NE $148,730
 


 

 


 

 


 

Average rate for each product from All investors Product
4.317% Conv30
3.790% Conv15
3.290% 5-1LiborARM
4.170% FHA30
3.990% FHA15
4.250% VA30
5.200% Jumbo30
 


 

 


 

 


 

Mortgage Market Index
355
 


 

 


 

 


 

 

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