Freddie Mac released it’s monthly Multi-Indicator Market Index (MiMi) last week, measuring housing activity on a national and state scale and providing relative data for the top 100 metro areas in the nation.

MiMi ranks each state and city based on four indicators: purchase application rate, which is based solely on applications for single-family homes in the relative market; payment-to-income (PTI), which measures payment on 30-year fixed mortgages as it relates to a homebuyer’s income; whether or not homebuyers are current on their mortgage payments; and employment, an indicator that separates a weak market from an in-range market (ideal) to an elevated market.

According to MiMi, the U.S. is on the low end of in range and improving. Purchase applications are up 1.7 percent but are still considered weak. PTI is down 1.05 percent, which is also considered weak, while homeowners who are current on their mortgage are considered in range. Employment is down 0.2 percent, but still comfortably in range.

On the Freddie Mac scale, “in range” refers to markets situated between 80 and 120. Numbers below 80 are considered weak, and numbers over 120 are considered elevated. In range is the ideal balance, but the indicators are what determine the final MiMi.

The arrows in the graphs point to the direction the market is moving regardless of the various indicator directions.

Freddie Mac market indicator

Freddie Mac MiMi for Houston, Texas.

Houston’s market scored 88.3, and it’s improving. Purchase applications are up 2.16 percent, but still situated in the weak category because of the 66.1 rating. PTI is at 86.9, considered in range, and only dropped 1.03 percent month-over-month. Those that are current on mortgages increased 0.32 percent month-over-month to a 93 rating, but employment is down 1.56 percent and nearing toward elevated status.

Email Britt Chester

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription