Check Inman every day for the daily version of this market roundup.
Mortgage rates:
Home equity rates:
Friday, Feb. 5:
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).
Wednesday, Feb. 3:
Mortgage Bankers Association’s Weekly Applications Survey:
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- Mortgage applications decreased 2.6 percent week-over-week on a seasonally adjusted basis.
- The Refinance Index increased 0.3 percent week-over-week.
- The seasonally adjusted Purchase Index decreased 7 percent week-over-week.
Tuesday, Feb. 2:
CoreLogic’s Home Price Index for December 2015:
- Five states and the District of Columbia reached new home price highs.
- Home prices were up 6.3 percent year-over-year.
- The 2016 forecast is for home prices to increase 5.4 percent year-over-year.
Ten-X’s Real Estate Nowcast for January 2015:
- Existing home sales are projected to fall between seasonally adjusted annual rates of 5.13 and 5.46 million sales.
- This is up 9.8 percent from January 2015.
- It’s also down 3 percent from December 2014.
Ten-X existing home sales table
Monday, Feb. 1:
Black Knight’s December 2015 Mortgage Monitor:
- The total U.S. loan delinquency rate was 4.78 percent.
- This is a 2.99 percent drop month-over-month in delinquency rate.
- The total foreclosure pre-sale inventory rate was 1.37 percent.
Article image credited to zhu difeng / Shutterstock.com
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News about China’s economy over the past few days hasn’t exactly been comforting. Yesterday, Forbes reported that the country’s gross domestic product (GDP) grew about 1 percent in 2015.So what should you know about these shifts and the future of Chinese investment?
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Every week, the Mortgage Bankers Association releases its count of applications for new loans, both refinance and purchase. It is worth watching, but carefully, and yesterday’s report raises an important issue.