Markets & Economy

Market update June 2, 2015: home price indices, mortgage rates

The latest daily real estate market news collected on a single page

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CoreLogic's Home Price Index Report showed: A 2.7 percent increase in home prices month over month in April 2015. A 6.8 percent increase in home prices year over year in April 2015 (from April 2014). A forecast of a 1.1 percent increase in home prices month over month from April 2015 to May 2015. A forecast of a 5.3 percent increase in home prices year over year from April 2015 to April 2016. Zillow Mortgages reported: The 30-year fixed mortgage rate is 3.78 percent, down one point from last week. The 30-year fixed mortgage rate was 3.74 percent for most of the week before rising today to its current 3.78 percent rate. The 15-year fixed mortgage rate is 2.93 percent. The 5-1 adjustable-rate mortgage rate is 2.8 percent. Email market updates to press@inman.com....