We’ll add more market news briefs throughout the day. Check back to read the latest.
Mortgage Bankers Association’s Mortgage Credibility Index (MCAI) for January 2016:
- The MCAI decreased 0.4 percent month-over-month, to 123.8.
- This indicates that lending standards are tightening.
- The Conforming MCAI saw the greatest tightening (1.5 percent) followed by the Government MCAI (0.8 percent).
Mortgage rates:
[graphiq id=”b2w6fmfIyNL” title=”30-Year Fixed Rate Mortgage Rates for the Past 6 Months” width=”600″ height=”400″ url=”https://w.graphiq.com/w/b2w6fmfIyNL” link=”http://mortgage-lenders.credio.com” link_text=”30-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio”]
[graphiq id=”2NvK9Bl9HIF” title=”15-Year Fixed Rate Mortgage Rates for the Past 6 Months” width=”600″ height=”400″ url=”https://w.graphiq.com/w/2NvK9Bl9HIF” link=”http://mortgage-lenders.credio.com” link_text=”15-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio”]
Home equity rates:
[graphiq id=”kPkTJrAnX5r” title=”Average Home Equity Loan Bank Rates by State” width=”600″ height=”465″ url=”https://w.graphiq.com/w/kPkTJrAnX5r” link=”http://mortgage-lenders.credio.com” link_text=”Average Home Equity Loan Bank Rates by State | Credio”]
[graphiq id=”dP0v3iYOnH” title=”Average Home Equity Loan Credit Union Rates by State” width=”600″ height=”465″ url=”https://w.graphiq.com/w/dP0v3iYOnH” link=”http://mortgage-lenders.credio.com” link_text=”Average Home Equity Loan Credit Union Rates by State | Credio”]
Yesterday’s most recent market news:
Mortgage Bankers Association’s Weekly Applications Survey:
- Mortgage applications decreased 2.6 percent week-over-week on a seasonally adjusted basis.
- The Refinance Index increased 0.3 percent week-over-week.
- The seasonally adjusted Purchase Index decreased 7 percent week-over-week.
Email market reports to press@inman.com.
