We’ll add more market news briefs throughout the day. Check back to read the latest.
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:
Mortgage Bankers Association’s weekly applications survey:
- Mortgage applications decreased 11.2 percent from one week earlier.
- The Refinance Index decreased 15 percent week-over-week.
- The seasonally adjusted Purchase Index decreased 3 percent week-over-week to its lowest level since February 2016.
Federal Housing Finance Agency’s mortgage rate indices for June 2016:
- Interest rates on conventional mortgages were little changed from May 2016 to June 2016.
- The average interest rate on all mortgage loans was 3.70 percent.
- The average loan amount was $333,900 in June, up $4,400 from May.
Freddie Mac’s Multi-Indicator Market Index (MiMi):
- The national MiMi value stands at 85.
- This is up 1.05 percent month-over-month and 2.39 percent quarter-over-quarter.
- Year-over-year, the MiMi is up 7.30 percent.
Email market reports to press@inman.com.
