Improving Mortgage Performance equals Best MiMi in 15 Months

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Posted To: MND NewsWire

The Multi-Indicator Market Index (MiMi) produced by Freddie Mac's Office of the Chief Economist shows that the U.S. housing market is within the outer range of being considered stable. The national value of the index improved by 0.59 percent from September to October and has gained 1.54 percent over the last three months. The MiMi in October stood at 81.9. On a year-over-year basis, the national MiMi value has improved +6.31 percent. Since its all-time low in October 2010, it has rebounded by 38 percent, but remains significantly off its high of 121.7. Two additional states-New York and Kansas-entered their outer range of stable housing activity, as did three more metro areas: New York, New York; Minneapolis, Minnesota and Palm Bay, Florida. Freddie Mac Deputy Chief Economist Len Kiefer said...(read more)

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Source: http://www.mortgagenewsdaily.com/12302015_freddie_mac_mimi.asp

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