Check Inman every day for the daily version of this market roundup.
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”]
Thursday, September 8:
Mortgage Bankers Association’s Mortgage Credit Availability Index (MCAI) for August 2016:
- The MCAI decreased 0.4 percent month-over-month to 164.7 in August 2016.
- The Conforming MCAI saw the greatest decrease: 0.9 percent.
- The Government MCAI was down 0.5 percent, and the Conventional MCAI was down 0.2 percent.
Freddie Mac’s Primary Mortgage Market Survey:
- The 30-year fixed-rate mortgage averaged 3.44 percent with an average 0.6 point for the week ending September 8, 2016.
- This is down from last week, when it averaged 3.46 percent.
- A year ago, the average was 3.90 percent
Wednesday, September 7:
Mortgage Bankers Association’s Weekly Applications Survey:
- The market composite index increased 0.9 percent on a seasonally adjusted basis from one week earlier.
- Unadjusted, the index decreased 0.1 percent week-over-week.
- The refinance share of mortgage activity increased to 64.0 percent of total applications from 63.5 percent last week.
Fannie Mae’s Home Purchase Sentiment Index (HPSI) for August 2016:
- The HPSI fell 1.5 points to 85.0 in August.
- Four of the six HPSI components decreased, including the share of consumers who expect prices to go up and the share who say it’s a good time to sell.
- More consumers reported a positive employment outlook, but fewer reported significantly higher household income.
Tuesday, September 6:
CoreLogic Home Price Index for July 2016:
- Home prices increased year-over-year by 6 percent in July 2016.
- Month-over-month, prices increased by 1.1 percent.
- The CoreLogic HPI Forecast predicts that home prices will increase by 5.4 percent year-over-year from July 2016 to July 2017.
Black Knight Financial Services’ Mortgage Monitor for July 2016:
- There was $518 billion in first-lien mortgage originations in Q2.
- Purchase originations increased 50 percent quarter-over-quarter.
- Refinance originations increased 8 percent quarter-over-quarter.
Email market news to press@inman.com.
