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Daily market update: Feb. 8, 2016

Mortgage rates plus all the latest daily real estate market news

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

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.

 

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The February preliminary Money Anxiety Index:

  • The February preliminary Money Anxiety Index isĀ 62.4.
  • This is the same as January’s index.
  • ThisĀ indicates uncertainty and confusion among consumers about the economy.
A graph outlining the February preliminary Money Anxiety Index

February preliminary Money Anxiety Index

Mortgage rates:

 

Home equity rates:

 

Last week’s most recent market news:

Mortgage Bankers Association’s Mortgage Credibility Index (MCAI) for January 2016:

  • The MCAI decreased 0.4 percent month-over-month, to 123.8.
  • This indicates that lending standards are tightening.
  • The Conforming MCAI saw the greatest tightening (1.5 percent) followed by the Government MCAI (0.8 percent).

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Email market reports to press@inman.com.