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Daily market update: March 7, 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.

Fannie Mae’s Home Purchase Sentiment Index (HPSI)¬†for February 2016:

  • The HPSI rose 1.2 percentage points in February to 82.7.
  • The share of respondents who say it is a good time to buy rose 4 percent to 35 percent.
  • The share of respondents who say it is a good time to sell fell 2 percent to 7 percent.

hpsi-030716

The preliminary March 2016 Money Anxiety Index:

  • The index is 62.8, the same as the final reading in February.
  • This indicates that consumer attitudes and anxiety about money is unchanged month-over-month.
Money Anxiety Index

The preliminary Money Anxiety Index for March 2016

Mortgage rates:

 

Home equity rates:

Last week’s most recent market news:

Freddie Mac Primary Mortgage Market Survey:

  • Rates for 30-year fixed-rate mortgages averaged 3.64 percent with an average 0.5 point for the week ending March 3, 2016.
  • This is up from last week, when the average was 3.62 percent.
  • It’s down from a year ago, when the average was 3.75 percent.

pmms_chart_march3_2016

Mortgage Bankers Association’s Mortgage Credit Availability Index (MCAI) for February 2016:

  • The MCAI was¬†unchanged month-over-month at 123.8 in February.
  • Of the four component indices, the Conforming MCAI saw the greatest loosening (up 1.0 percent) over the month.
  • The Government MCAI was up 0.6 percent).

mcai-feb-2016

Email market reports to press@inman.com.

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