Tag Archives: Multi-Indicator Market Index

Housing markets in the South showed the most improvement while a battle between low mortgage rates and rising prices is still being fought in the West.

Purchase applications in June hit their highest level since December 2007, close to their historical benchmark level.

As national indicators moved further into the stable range for housing, Freddie Mac reported the most substantial gains occurred in southern markets.

Out of the 100 metros tracked by Freddie Mac's MiMi, 99 of them experienced year-over-year gains.

Housing markets in metros all over the country are improving and many metros are making their way back to their benchmark ranges, according to an index from Freddie Mac. 

Housing markets in the U.S. remain stable due to employment and current mortgage payments as 2016 moves forward, according to Freddie Mac.

See which markets are unwavering in terms of the number of purchase applications, payment-to-income ratio, mortgage payments, and employment.

Employment numbers and current mortgage payments among buyers are driving the health of the housing markets across the U.S., according to Freddie Mac's Multi-Indicator Market Index (MiMi).

As consumers purchase more homes, remain current on mortgage payments thanks to low rates, and employment continues to grow, the housing market continues to show improvement.

As more consumers catch up on their mortgage payments, employment progresses, and home prices rebound, the housing market continues to improve and exhibit more stability.