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.
Watch the replay of our webinar to learn how ICE is bringing innovations to market that can help boost efficiency across the mortgage ecosystem.
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.
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 which will be available for trading on June 13 at ICE Futures U.S.
Understanding the disconnect between price & net asset value.
By Lynn Martin, President of ICE Data Services.
Q&A with Aram Flores & Lisa Fiondella
Find out what the indices offer to participants across the U.S. mortgage lending and mortgage-backed securities market.
Listen to Harvey Flax, Director, U.S. Interest Rates, ICE, talk about the launch of our new mortgage rate lock futures.