We’ll add more market news briefs throughout the day. Check back to read the latest.
Mortgage Bankers Association Weekly Applications Survey:
- Mortgage applications increased 13.9 percent from one week earlier during the week ending Sept. 18, 2015.
- The refinance share of mortgage activity increased to 58.4 percent of total applications from 56.2 percent the week prior.
- The FHA share of total applications decreased to 12.9 percent from 14.2 percent the previous week.
Freddie Mac’s Multi-Indicator Market Index (MiMi):
- The national MiMi is 81, an improvement of 0.93 percent from June 2015 to July 2015.
- Twenty-nine of the 50 states, plus Washington, D.C., have MiMi values in a stable range.
- Forty-six of the 100 metro areas measured have MiMi values in a stable range.
Weekly mortgage rates:
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Powered by MortgageCalculator.org
Yesterday’s market news:
- Home prices in July were up 0.6 percent month-over-month.
- Year-over-year, July home prices were up 5.8 percent.
- The overall index is 1.1 percent below the March 2006 peak, at roughly the same level as the November 2006 index.
- The U.S. housing market is leveling off. It’s appreciating 3.3 percent from a year ago to a Zillow Home Value Index of $180,800.
- Before the 2008 crash, 21.2 percent of homes (on average) were decreasing in value. Today’s percentage of average homes decreasing in value: 27.9 percent.
- In Baltimore, 48.1 percent of homes decreased in value during the past year.
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