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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.
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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