Daily market update: July 20, 2016

We’ll add more market news briefs throughout the day. Check back to read the latest.

Mortgage Bankers Association’s Weekly Applications Survey:

• Mortgage applications decreased 1.3 percent from one week earlier but was up 16 percent from one year ago.
• The Refinance Index decreased 1 percent from the previous week.
• The seasonally adjusted Purchase Index decreased 2 percent from one week earlier.

Ellie Mae’s Purchase Origination Insight Report for June 2016:

• Purchases increased to 65 percent of all closed loans in June, up from 62 percent in May.
• Refinances represented 34 percent of closed loans in June, down from 37 percent in May.
• The average time to close all loans increased to 46 days in June, up from 45 days in May.

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”]

Most recent market news:

U.S. Census Bureau/Center for Housing and Urban Development New Residential Construction for June 2016:

• Privately-owned housing units authorized by building permits were at 1,153,000 in June, 1.5 percent above May 2016 but 13.6 percent below June 2015.
• Privately-owned housing starts in June were at a seasonally adjusted annual rate of 1,189,000, 4.8 percent above May 2016 but is 2.0 percent below June 2015.
• Privately-owned housing completions in June were at a seasonally adjusted annual rate of 1,147,000, 12.3 percent above May 2016 and 18.7 percent above June 2015.

Email market reports to press@inman.com.