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Daily market update: April 12, 2016

Mortgage rates plus all the latest daily real estate market news

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

CoreLogic’s March 2016 Foreclosure Report:

  • There were 34,000 completed foreclosures in February 2016.
  • This is down 10 percent year over year.
  • It’s also a 2.6 percent decrease month-over-month.
CoreLogic's February 2016 foreclosures, state by state.

CoreLogic’s February 2016 foreclosures, state by state.

Quicken Loans’ Home Price Perception Index/Home Value Index for March 2016:

  • Appraised home values were 2.17 percent lower than homeowers’ expectations.
  • Home values increased 0.29 percent month-over-month in March.
  • Home values were up 4.77 percent year-over-year.

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Mortgage rates:

 

Home equity rates:

Last week’s most recent market news:

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

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  • 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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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.

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Email market reports to press@inman.com.