Mortgage Demand Index shows continued strength across the Sunbelt and stronger demand for mortgage refinancing than purchases in 33 states.
(MDI) measures the quarterly concentration of demand for new purchase and refinance mortgages based on mortgage lead activity by state.
The TovoData MDI is also produced as two subindices:
– Purchase MDI
– Refinance MDI
The MDI provides a proven consumer intent KPI for the anticipated concentration of closed mortgages in the next quarter.
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