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- The 2015 index declined 1.8 percent year-over-year.
- The index is down 7.6 percent from the peak in 2005.
- Currently, the index is 0.4 percent above the 25-year low point that was set in 1995.
- The MCAI decreased 0.89 percent to 122.4 in April 2016.
- This indicates that credit standards are tightening.
Home equity rates:
Yesterday’s most recent market news:
- Mortgage applications decreased 3.4 percent from one week earlier.
- The refinance share of mortgage activity decreased to 52.9 percent of total applications from 54.4 percent the previous week.
- The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances increased to 3.87 percent from 3.85 percent.
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