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- April’s national delinquency rate was up 3.77 percent from March.
- The April delinquency rate was still more than 10 percent below the April 2015 level.
- At 58,700, April’s foreclosure starts were the lowest monthly volume since April 2005.
Home equity rates:
Last week’s most recent market news:
- The 30-year fixed-rate mortgage (FRM) averaged 3.66 percent with an average 0.5 point for the week ending June 2, 2016.
- This was up from last week when it averaged 3.64 percent.
- A year ago at this time, the 30-year FRM averaged 3.87 percent.
- The MCAI fell to 121.1 in May 2016, indicating that lending standards are tightening.
- Month-over-month, it was down 0.8 percent.
- Of the four component indices, the Jumbo MCAI saw the greatest tightening (down 1.3 percent) over the month followed by the Government MCAI (down 1.0 percent), the Conventional MCAI (down 0.8 percent), and the Conforming MCAI (down 0.3 percent).
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