The fourth quarter 2021 TovoData MDI results show broader demand for refinance mortgages across states and strong, steady demand for purchase mortgages. The South and West remain hot spots for mortgage demand, while parts of the Midwest and East saw demand increase over the quarter.
The highest overall MDIs were in Mississippi, Arkansas, and Louisiana. Due to increased refinance demand, Delaware had the highest fourth quarter 2021 MDI in the Northeast, at 105 and Indiana was the top state in the in the Midwest with a TovoData MDI of 96.
The TovoData Mortgage Demand Index (MDI) measures the quarterly concentration of demand for new mortgages based on lead activity for purchase and refinance mortgages by state. The TovoData MDI is also produced as two subindices – the Purchase MDI and the Refinance MDI.
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