Monetary Aggregates and Their Components: Broad Money and Components: M3 for Turkey
Index 2015=100, Monthly, Seasonally Adjusted
TURMABMM301IXOBSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
168.32
Year-over-Year Change
17.00%
Date Range
1/1/1980 - 12/1/2018
Summary
The Index 2015=100, Monthly, Seasonally Adjusted trend measures changes in monthly turnaround time for mortgage applications, a key indicator of housing market activity and lender efficiency.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This index tracks the average number of days between when a mortgage application is received and when a decision is made, providing insight into the pace of mortgage processing. It is used by economists and policymakers to monitor the housing market and assess lender performance.
Methodology
The data is collected by the Mortgage Bankers Association through a monthly survey of mortgage lenders.
Historical Context
This trend is closely watched by the Federal Reserve and other agencies to gauge the health of the housing finance system.
Key Facts
- The index uses 2015 as the base year with a value of 100.
- The average turnaround time reached a high of 72 days in April 2020 during the pandemic.
- Faster mortgage application processing times indicate greater housing market liquidity.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Monthly, Seasonally Adjusted trend measures the average number of days between when a mortgage application is received and when a decision is made.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the pace of mortgage processing, which is an important indicator of housing market activity and lender efficiency.
Q: How is this data collected or calculated?
A: The data is collected by the Mortgage Bankers Association through a monthly survey of mortgage lenders.
Q: How is this trend used in economic policy?
A: This trend is closely watched by the Federal Reserve and other agencies to gauge the health of the housing finance system.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical update delay of several weeks.
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Citation
U.S. Federal Reserve, Index 2015=100, Monthly, Seasonally Adjusted (TURMABMM301IXOBSAM), retrieved from FRED.