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Mortgage Bankers Association’s Weekly Applications Survey:

  • The market composite index increased 0.2 percent on a seasonally adjusted basis week-over-week.
  • The refinance index decreased 2 percent week-over-week.
  • The average contract interest rate for 30-year, fixed-rate mortgages with conforming loan balances was 3.89 percent, an increase from 3.83 percent last week.

Mortgage rates:

 

Home equity rates:

Yesterday’s most recent market news:

CoreLogic’s January 2016 National Foreclosure Report:

  • Foreclosures were down 21.7 percent year-over-year.
  • Foreclosures were down 16.2 percent month-over-month.
  • The rate of seriously delinquent homes was 3.2 percent, the lowest level since November 2007.

report_highlights_nfr_2016_01_jan

Quicken Loans Home Price Perception Index for January 2016:

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

P-HVI-HPPI-Graphs-20151201Email market reports to press@inman.com.