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The TovoData Refinance MDI was over 100 in 18 states in the fourth quarter 2020, while only two states had an index value of 150 or higher. Nevada (173) and Florida (155)had the most refinancing demand relative to existing mortgages in the fourth quarter. TovoData Refinance Mortgage Demand Index: Top 10 States 4Q 2020 Refinance mortgage demand, however, is stronge r  than purchase demand in 27 states. Seven states had a  refinance index  that was 20 points or more above their total index. Northeast states comprise most of this group with five states in that region –Rhode Island (136),Delaware (135), New Jersey (106), New Hampshire (95), and Connecticut (93). The other two states are Florida (155) and Wyoming (99).

Index shows continued strength across the Sunbelt and stronger demand for mortgage refinancing than purchases in 33 states. TovoData Releases Mortgage Demand Index for Q1 2021 Newport Beach, CA, April 27, 2021 --( PR.com )-- Today TovoData, the leading provider of multi-sourced real estate, mortgage and property ownership data sets spanning 100% of U.S. residential properties, released its Q1 2021 Mortgage Demand Index that shows continued strength in mortgage demand across southern and western states. The breadth of mortgage demand across states relative to existing single-family homes with a mortgage is as robust as data from Q4 2020 signaling confidence in the housing market through the 2021 buying season. A Mortgage Demand Index (MDI) of 100 indicates that demand in a state is on par with the nation. During the first quarter of 2021, 19 states and the District of Columbia had a TovoData MDI over 100 and 40 had an MDI over 75, matching the results from fourth quarter 2020. For compa...