Freddie Mac’s Diagnosis: Stable Condition for Housing Markets

Government-sponsored enterprise Freddie Mac taking its Multi-Indicator Market Index (MiMi) stethoscope to the U.S. housing market. They gave more than half of the states a clean bill of health this week.

MiMi monitors and measures the stability of the housifreddyng market on a metropolitan-area, state, and nationial basis, combining Freddie Mac data with current local market data to assess where each single-family housing market is relative to its own long-term stable range by looking at home purchase applications, payment-to-income ratios, proportion of on-time mortgage payments in each market and the local employment picture.

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