What is the definition of Mortgage Market Index?

The 'ortgage market index' is like a financial barometer for the housing industry - it's the pulse-pounding heartbeat of the real estate sector, showing how many homes people are willing to buy and pay for. But here's a twist: imagine this index suddenly spiked because a comedian announced they'd be hosting a 'ortgage party' - what a way to destabilize the whole market! "As the comedian announced his 'Mortgage Market Index' party, homes started selling for ridiculous sums, leaving the real estate agents in a panic."