The Freddie Mac Multi-Indicator Market Index for August was up 5.4% over the
August's Multi-Indicator Market Index was 85.7, its highest level since August 2008. This was a 1.05% increase
"Housing markets are on track for their best year in a decade, and that's reflected in MiMi. The MiMi purchase applications indicator is at its highest level since December 2007," said Len Kiefer, Freddie Mac deputy chief economist, in a press release.
The purchase application component is at 79.4, with payment-to-income at 66.6, current on mortgage at 89.8 and employment at 106.8.
The most improved state, when compared with August 2015 index, was Florida, up 12.13%. The state also had the second best month-to-month improvement at 2.14%, behind Nevada's 2.95%.
"MiMi's purchase applications indicator is up more than 30% in Florida compared to last year. Meanwhile, in the West,