What is the MAX? The MAX is a weekly mortgage application index compiled by Mortgage Maxx similar to the MBA Mortgage Application Index.
When is the MAX available? The MAX is available to subscribers on Monday morning or the first business day of the week, and with proprietary data measures initial mortgage activity for the just completed previous week. The MAX accounts for multiple mortgage applications from the same mortgagor for more accurate reporting of activity.
Mortgage Maxx is the publisher of the MAX and proprietary agency (Fannie Mae, Freddie Mac, Ginnie Mae) prepayment forecasts.
What is the MAX sample? The MAX covers 19 key MSAs in the USA and is highly correlated with future mortgage payoff activity from sales and refinancings of homes and condominiums.
- California - Los Angeles/Long Beach/Santa Ana, San Francisco, San Diego, Sacramento, Riverside/San Bernadino, Oakland, Oxnard/Thousand Oaks, Ventura
- Florida - Miami, Tampa/St. Petersburg, Orlando, Jacksonville, Ft. Myers
- Arizona - Phoenix
- Washington - Seattle
- Illinois - Chicago (Dupage, Lake, Will)
- Ohio - Cleveland
- Michigan - Detroit
- Indiana - Indianapolis, Gary