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.
Additionally, the ICE U.S. Conforming 30-Year Fixed Mortgage Rate Lock Index Loan Balance Weighted APR Intra-Day - a variant of the ICE U.S. Conforming 30-Year Fixed Rate Mortgage Rate Lock Index - uses intra-day snapshots to track the loan-balance weighted APR over the course of a U.S. bank business day. The index updates as of 1 p.m., 2 p.m., 3 p.m., 4 p.m. and 5 p.m. ET. Each intra-day update is typically posted within the hour of the data snap.
Specifications
Key Features
In addition to a broad composite index, sub-indices segment the composite index by one or more of several loan attributes:
- Purpose: Purchase, Refinance (no cash out), Refinance (cash out)
- Term: 30-year, 20-year, 15-year, 10-year
- Type: Conventional, FHA, VA, USDA
- Size: Conforming, Jumbo
- FICO Credit Score: >= 780, 740-779, 720-739, 700-719, 680-699, < 680
- Loan to Value: <= 80, > 80
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