AgentBrokerage

Daily market update: April 13, 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.

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:

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  • 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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Email market reports to press@inman.com.