AgentBrokerage

Daily market update: April 13, 2016

Mortgage rates plus all the latest daily real estate market news

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

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

Mortgage Bankers Association’s Weekly Applications Survey:

  • The Market Composite Index increased 10 percent (seasonally adjusted) from one week earlier.
  • The refinance share of mortgage activity increased to 54.9 percent of total applications from 54.5 percent the previous week.
  • The adjustable-rate mortgage (ARM) share of activity increased to 5 percent of total applications.

Mortgage rates:

 

Home equity rates:

Yesterday’s most recent market news:

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:

3 essential tools that will 10X your real estate marketing
Smart landing pages, a synchronized database and automation generate results READ MORE
  • 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.

image001

Email market reports to press@inman.com.