Daily market update: April 7, 2016

Power up your Indie Brokerage
Don't miss our Indie Broker Summit SF, July 17, 2018

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

Mortgage Bankers Association’s Mortgage Credit Availability Index for March 2016:

  • Mortgage credit availability decreased 0.2 percent to 123.5 in March.
  • The Government MCAI saw the greatest loosening (up 0.9 percent).
  • The Conventional MCAI saw the greatest tightening (down 1.6 percent).

mortgage-credit-availability

Fannie Mae Home Purchase Sentiment Index (HPSI) for March 2016:

  • The HPSI fell 2.5 percent to 80.2.
  • More Americans (33 percent) say it’s a bad time to buy, 2 percentage points down.
  • Those who say it’s a good time to sell fell 8 percentage points to negative 1 percent.

hpsi-040716

Mortgage rates:

 

Home equity rates:

Yesterday’s most recent market news:

Mortgage Bankers Association’s Weekly Applications Survey:

  • Mortgage applications increased 2.7 percent week-over-week (on an adjusted basis) for the week ending April 1, 2016.
  • On an unadjusted basis, the Market Composite Index increased 3 percent week-over-week.
  • The Refinance Index increased 7 percent week-over-week.

Email market reports to [email protected].