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).

Screen Shot 2016-08-30 at 7.39.43 AM

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

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

 

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:

Black Knight Home Price Index for June 2016:

  • 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.

BKFS_HPI_Jun2016_US_hi_res

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