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

Mortgage rates:

[graphiq id=”b2w6fmfIyNL” title=”30-Year Fixed Rate Mortgage Rates for the Past 6 Months” width=”600″ height=”400″ url=”https://w.graphiq.com/w/b2w6fmfIyNL” link=”http://mortgage-lenders.credio.com” link_text=”30-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio”]

[graphiq id=”2NvK9Bl9HIF” title=”15-Year Fixed Rate Mortgage Rates for the Past 6 Months” width=”600″ height=”400″ url=”https://w.graphiq.com/w/2NvK9Bl9HIF” link=”http://mortgage-lenders.credio.com” link_text=”15-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio”]

 

Home equity rates:

[graphiq id=”kPkTJrAnX5r” title=”Average Home Equity Loan Bank Rates by State” width=”600″ height=”465″ url=”https://w.graphiq.com/w/kPkTJrAnX5r” link=”http://mortgage-lenders.credio.com” link_text=”Average Home Equity Loan Bank Rates by State | Credio”]

[graphiq id=”dP0v3iYOnH” title=”Average Home Equity Loan Credit Union Rates by State” width=”600″ height=”465″ url=”https://w.graphiq.com/w/dP0v3iYOnH” link=”http://mortgage-lenders.credio.com” link_text=”Average Home Equity Loan Credit Union Rates by State | Credio”]

Most recent market news:

Mortgage Bankers Association’s weekly applications survey:

  • Mortgage applications decreased 11.2 percent from one week earlier.
  • The Refinance Index decreased 15 percent week-over-week.
  • The seasonally adjusted Purchase Index decreased 3 percent week-over-week to its lowest level since February 2016.

Federal Housing Finance Agency’s mortgage rate indices for June 2016:

  • Interest rates on conventional mortgages were little changed from May 2016 to June 2016.
  • The average interest rate on all mortgage loans was 3.70 percent.
  • The average loan amount was $333,900 in June, up $4,400 from May.

July_2016_MIRS

Freddie Mac’s Multi-Indicator Market Index (MiMi):

  • The national MiMi value stands at 85.
  • This is up 1.05 percent month-over-month and 2.39 percent quarter-over-quarter.
  • Year-over-year, the MiMi is up 7.30 percent.

Email market reports to press@inman.com.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Refer friends to Select and get $200 in credit.Learn More×
Connect Now is just days away. Don't miss out.Reserve your seat today.×