Daily market update: August 31, 2016

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

National Association of Realtors Pending Home Sales for July 2016:

• The index rose 1.3 percent to 111.3 in July from a downwardly revised 109.9 in June.
• This represents 1.4 percent growth year-over-year. (July 2015’s reading was 109.8.)
• All the major regions saw a slight increase in pending home sales, save the Midwest.

Ten-X Residential Real Estate ‘Nowcast’ for August 2016:

• The “Nowcast” projects existing home sales to stabilize in August.
• The “Nowcast” predicts existing home sales to fall between seasonally adjusted annual rates of 5.35 and 5.71 million.
• This is a 2.5 percent increase from July and a 4.1 year-over-year increase.

First American Financial Corporation’s July 2016 Loan Application Defect Index:

Freddie Mac’s Multi-Indicator Market Index (MiMi) for June 2016:

• This month, the MiMi was 85.0.
• This is up 0.08 percent month-over-month.
• Year-over-year, the MiMi is up 5.76 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”]

Most recent market news:

S&P/Case-Shiller Home Price Indices for June 2016:

• The home price index rose by 5.1 percent from June 2015 to June 2016.
• This year-over-year price gain is unchanged from last month.
• Month-over-month, the index rose 1.0 percent (unadjusted).

Federal Finance Housing Agency’s mortgage rates for July 2016:

• The national average contract mortgage rate for previously occupied homes by combined lenders was 3.62 percent for loans closed in late July.
• The average interest rate on all mortgage loans was 3.63 percent.
• The average loan amount was $325,700, down from $333,900 in June.

Email market reports to press@inman.com.