Daily market update: August 1, 2016

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

U.S. Census Bureau’s June 2016 Construction Spending:

  • Construction spending was at a seasonally adjusted annual rate of $1,133.5 billion ($1.13 trillion) in June 2016.
  • This is 0.3 percent above the June 2015 estimate (1,130.5 billion).
  • Over the first six months of the year, construction spending has been 6.2 percent above the same period in 2015.

Black Knight Mortgage Monitor for June 2016:

  • Delinquencies were down 10 percent year-over-year in June.
  • Foreclosure starts rose by nearly 12 percent from May.
  • However, even with this monthly increase, Q2 overall saw historically low levels of foreclosure starts.

Screen Shot 2016-08-01 at 10.02.03 AM

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:

First American June 2016 Loan Application Defect Index:

  • The index decreased 1.4 percent in June from May.
  • Year-over-year, the index decreased 12.2 percent.
  • At the high point of risk in October 2013, the index measured 29.4 percent.

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