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Average Dollar Value of Home Purchase Mortgages

Time Range: 2006-07       Resolution: Census Tract

The average dollar amount of home purchase mortgage loans originated over two years is the total dollar amount of loans originated divided by the total number of loans originated for area residents.

Rationale

Average dollar value of home purchase mortgages measures residents' capability to improve their living conditions and increase their assets through home purchase or improvement. These measures also serve as proxy measures for residents’ education, employment status, income, and financial security. Higher averages would suggest larger incomes, higher education levels, and greater financial security, which are correlated to health outcomes.

Source

The data is taken from Home Mortgage Disclosure Act, Aggregate Reports - Loan Application Register (LAR), 2006-07
[http://www.ffiec.gov/HmdaAdWebReport/AggWelcome.aspx].
FFIEC Census Reports 2006-07
[http://www.ffiec.gov/census/default.aspx]


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