MIRS

Abstract

Monthly Interest Rate Survey (MIRS) is a monthly survey on interest rates, loan terms, and house prices conducted and published by Federal Housing Finance Agency (FHFA). The survey is based on fully amortized mortgage loans extended for the purchase of single family residences that were closed during the last 5 working days of the month. The MIRS data is classified by property type, by loan type, lender type, and provides information for15-year and 30-year fixed-rate loans. The survey also provides quarterly information on conventional loans by major metropolitan area and by Federal Home Loan Bank (FHLB) district. It is also known as Monthly Survey of Rates and Terms on Conventional One-Family Non-farm Mortgage Loans. MIRS is described in 12 CFR 906.5.