Mortgage Demand 2021

 The Purchase MDI provides the same measure of mortgage demand concentration by state, but only for purchase mortgages. In the fourth quarter 2020, 19 states had a TovoData Purchase MDI of 100 or more, with five states at 150 or higher. 

Mississippi, Louisiana, Arkansas, and New Mexico have higher purchase mortgage index values in the fourth quarter than total index values. This indicates that the states have a higher concentration of homebuyer demand than refinancing demand. 

Other states with large, positive differences between the purchase index and total index are Texas (147), Washington DC (128), and North Dakota (85). The Greater Houston and Dallas-Fort Worth metro areas lead fourth quarter 2020 purchase mortgage demand in Texas, accounting for 53% of tracked demand. Within metro areas, the most active Texas cities were Houston and San Antonio. 

In New Mexico, interest in purchase mortgages is concentrated in Albuquerque, accounting for half of tracked demand in cities. Las Cruces is a distant second at 8% of tracked city-level purchase mortgage demand.

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