AgentBrokerage

Daily market update: July 8, 2016

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

Mortgage rates:

 

Home equity rates:

Most recent market news:

Freddie Mac’s Primary Mortgage Market Survey:

  • The 30-year fixed-rate mortgage fell¬†7 basis points to 3.41 percent in this week’s survey.
  • Mortgage rates have now dropped 15 basis points over the past two weeks.
  • This means rates are only 10 basis points above the all-time low.

pmms_chart_lg (1)

Fannie Mae’s Home Purchase Sentiment Index (HPSI) for June 2016:

  • The HPSI decreased 2.1 points to 83.2 in June.¬†This is down from May’s all-time survey high.
  • The share of consumers who said now is a good time to sell a home increased 5 percentage points on net to a survey-high of 18 percent.
  • Those saying now is a good time to buy a home rose 3 percentage points on net to 32 percent.

hpsi-070716

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