Check Inman every day for the daily version of this market roundup.
Home equity rates:
Thursday, April 7:
- 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).
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- 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.
Wednesday, April 6:
- 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.
Tuesday, April 5:
- Home prices increased 1.1 percent month-over-month.
- Home prices went up 6.8 percent year-over-year.
- CoreLogic forecasts future price increases of 0.6 percent month-over-month and 5.2 percent year-over-year.
Monday, April 4:
- The total U.S. loan delinquency rate was 4.45 percent.
- This is down 12.57 percent month-over-month.
- The total foreclosure pre-sale inventory rate is 1.30 percent, down 0.64 percent month-over-month.
- The preliminary April index is at 64.0.
- This is the same as the final reading in March.
- According to the index’s creator, “although the economy is improving, consumers are not completely on board with the personal consumption thus putting the brakes on the economic growth.”
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