Daily market update: July 6, 2016

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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, a measure of mortgage loan application volume, increased 14.2 percent on a seasonally adjusted basis from one week earlier.
  • The Refinance Index increased 21 percent from the previous week to the highest level since January 2015.
  • The seasonally adjusted Purchase Index increased 4 percent from one week earlier.

Mortgage rates:

 

Home equity rates:

Most recent market news:

CoreLogic’s Home Price Insight Report for May 2016:

  • Home prices rose 1.3 percent month-over-month in May 2016.
  • Year-over-year, home prices were up 5.9 percent.
  • Sales are forecasted to rise 0.8 percent month-over-month in June 2016 and 5.3 percent year-over-year in May 2017.

report_highlights_hpi_2016_05_may

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