Markets & Economy

Daily market update: August 2, 2016

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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:

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.

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