Daily market update: July 13, 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:

  • Mortgage applications increased 7.2 percent from one week earlier.
  • The refinance share of mortgage activity increased to 64.0 percent of total applications from 61.6 percent one week earlier.
  • FHA loan applications increased to 10.0 percent of all loans from 9.5 percent one week earlier.

Mortgage rates:

 

Home equity rates:

Most recent market news:

Quicken Loans Home Price Index/Home Price Perception Index for June 2016:

  • Home values assigned by appraisers were 1.93 percent lower than what homeowners estimated in June.
  • In May, appraised values were 1.89 percent lower than expected.
  • The average home appraisal increased 0.84 percent since May and enjoyed a 4.47 percent boost since June 2015.

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