June 2019 was the first MIRS Transition index value to be published. This new index is called “MIRS Transition Index” and will be published on on the final Thursday of every month. ![]() Primary Mortgage Market Survey® (PMMS®) that adjusts for differences between the two. Additionally, MIRS provided quarterly information on conventional loans by major metropolitan area and by Federal Home Loan Bank district, and was used to compile FHFA’s monthly adjustable-rate mortgage index entitled the “National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders,” also known as the ARM Index.Īs some banks use the ARM Index as the basis for adjusting the interest rates on adjustable-rate mortgages, FHFA created and designated as the replacement for the ARM Index a version of Freddie Mac’s 30-year MIRS had provided information on a monthly basis on interest rates, loan terms, and house prices by property type (all, new, previously occupied) by loan type (fixed- or adjustable-rate), and by lender type (savings associations, mortgage companies, commercial banks and savings banks) as well as information on 15-year and 30-year, fixed-rate loans. On May 29, 2019, FHFA published its final Monthly Interest Rate Survey (MIRS), due to dwindling participation by financial institutions. Update on the Discontinuation of fhfa's monthly interest rate survey (mirs)
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