We’ll add more market news briefs throughout the day. Check back to read the latest.
The Mortgage Credit Availability Index (MCAI) for September 2015:
- Mortgage credit availability increased in September.
- The MCAI increased 0.3 percent month-over-month to 126.5. (It was benchmarked to 100 in March 2012.)
- The Conventional MCAI was up 1.1 percent month-over-month, followed by the Conforming MCAI (up 0.8 percent).
CoreLogic’s August 2015 Home Price Index:
- Home prices increased 1.2 percent month-over-month in August 2015.
- They increased 6.9 percent year-over-year.
- CoreLogic’s forecast projects a 4.3 percent increase year-over-year in August 2016.
Weekly mortgage rates:
Powered by MortgageCalculator.org
Powered by MortgageCalculator.org
Yesterday’s market news:
WalletHub’s most and least energy-efficient states:
- New York, Vermont and Minnesota were the most energy-efficient states.
- Texas, Louisiana and South Carolina were the least energy-efficient states.
- WalletHub measured the consumption of home and car energy in 48 states; Alaska and Hawaii were excluded from this analysis.
Source: WalletHub
Livability’s 10 Best Cities for Singles:
- Carrboro, North Carolina; Hoboken, New Jersey; West Hollywood, California were the top three cities for singles.
- Oxford, Mississippi; San Marcos, Texas; Ypsilanti, Michigan; and Ames, Iowa were ranked 4 through 7.
- Miami Beach, Florida; Athens, Georgia; and Moscow, Idaho took spots 8 through 10.
Black Knight Financial Services’ August Mortgage Monitor Report:
- Cash-out refinances were up 68 percent year-over-year in August 2015.
- The average borrower was tapping $67,000 in equity.
- Though they’re at the highest volume since 2010, cash-out refinances were still almost 80 percent below 2005 peak levels.
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