Daily market update: August 30, 2016

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

S&P/Case-Shiller Home Price Indices for June 2016:

• The home price index rose by 5.1 percent from June 2015 to June 2016.
• This year-over-year price gain is unchanged from last month.
• Month-over-month, the index rose 1.0 percent (unadjusted).

Federal Finance Housing Agency’s mortgage rates for July 2016:

• The national average contract mortgage rate for previously occupied homes by combined lenders was 3.62 percent for loans closed in late July.
• The average interest rate on all mortgage loans was 3.63 percent.
• The average loan amount was $325,700, down from $333,900 in June.

National Average Contract Mortgage Rate for Previously Occupied Homes through July 2016

Mortgage rates:

Home equity rates:

Most recent market news:

Black Knight Home Price Index for June 2016:

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• Home prices were up 0.8 percent month-over-month in June.
• Prices were up 5.3 percent year-over-year.
• The house price index is at $265,000.

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