ICE U.S. Residential Mortgage Rate Lock Indices track mortgage rates and other statistics on U.S. residential mortgage loan applications where borrowers and lenders have committed to lock-in the interest rate prior to close.
Inflation has crept into nearly every facet of life, and real estate is attracting scrutiny as pundits expect affordability issues to eventually crimp demand. Views on mortgage-backed securities are changing as investors adapt to inflation, housing fundamentals, and monetary policy.
Many of the applications on which the indices are based become closed mortgages securitized by U.S. federal government agencies, which makes the indices a valuable forward-looking indicator of new production for mortgage-backed securities.
Note: Data presented on this page reflects production as of close of prior business day.
Source: ICE Data Indices, LLC. Index data and index information is for informational purposes only and any use is expressly prohibited. You may not share, disclose, transmit, publish, distribute, disseminate or commercialize either in whole or in part the index data or index information without the express prior written consent of ICE Data Indices, LLC. Any use of the index data or index information in any way will require an appropriate license agreement with ICE Data Indices, LLC prior to any use.
Using a data-driven methodology based on loan applications from ICE Mortgage Technology, the ICE U.S. Residential Mortgage Rate Lock Indices track the average rate at which new residential home loans are locked each day.
The indices are calculated daily for all U.S. bank business days, with index data available the morning of the next business day. ICE U.S. Residential Mortgage Rate Lock Index data is available on the ICE Index Platform and via direct data feeds.
In addition to a broad composite index, sub-indices segment the composite index by one or more of several loan attributes:
ICE Mortgage Rate Lock Index futures offer market participants a more precise hedging tool for residential mortgage interest rate risk. The suite of contracts includes Conforming and Jumbo futures at ICE Futures U.S.
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Find out what the indices offer to participants across the U.S. mortgage lending and mortgage-backed securities market.