Freddie Mac: Chicago market is frail, but boosting

Report uses purchase applications, payment-to-income, employment and mortgage health to measure markets
  • The national MiMi reached a healthy score of 85 in June, up 5.76 percent year-over-year.
  • Chicago’s market index is weak but improving, with a score of 75.2 for the month of June.
  • Chicago's current-on-mortgage rating and employment categories both scored in the healthy range.

Freddie Mac released its latest Multi-Indicator Market Index (MiMi) based on June housing market activity. MiMi numerically details national, state and metro-level market activity to illustrate market stability and instability across the nation.