We’ll add more market news briefs throughout the day. Check back to read the latest.
Quicken Loans’ Home Price Perception Index for January 2016:
- Appraised values were, on average, 1.75 percent lower than homeowner expectations.
- The gap between appraisal and homeowner estimates narrowed for the fifth month in a row.
- Home values fell 0.42 percent month-over-month in January, but were up 3.37 percent year-over-year.
CoreLogic’s December 2015 Foreclosure Report:
- Completed foreclosures were down 22.6 percent year-over-year in December 2015.
- Foreclosure inventory was down 23.8 percent year-over-year.
- 1.1 percent of all homes with a mortgage were part of the foreclosure inventory.
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:
Fannie Mae’s January 2016 Home Purchase Sentiment Index (HPSI):
- The HPSI decreased 1.7 points month-over-month.
- This puts January’s HPSI at 81.5.
- The share of consumers who reported their net income was significantly higher than one year ago fell 3 percentage points month-over-month.
The February preliminary Money Anxiety Index:
- The February preliminary Money Anxiety Index is 62.4.
- This is the same as January’s index.
- This indicates uncertainty and confusion among consumers about the economy.
February preliminary Money Anxiety Index
Email market reports to press@inman.com.