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Daily market update: Feb. 9, 2016

Mortgage rates plus all the latest daily real estate market news

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

Quicken Loans’ Home Price Perception Index for January 2016:

  • Appraised values were, on average, 1.75 percent lower than homeowner expectations.
  • The gap between appraisal and homeowner estimates narrowed for the fifth month in a row.
  • Home values fell 0.42 percent month-over-month in January, but were up 3.37 percent year-over-year.

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CoreLogic’s December 2015 Foreclosure Report:

  • Completed foreclosures were down 22.6 percent year-over-year in December 2015.
  • Foreclosure inventory was down 23.8 percent year-over-year.
  • 1.1 percent of all homes with a mortgage were part of the foreclosure inventory.

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Mortgage rates:

 

Home equity rates:

 

Yesterday’s most recent market news:

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

Email market reports to press@inman.com.

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