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CoreLogic Home Price Index for July 2016:

  • Home prices increased year-over-year by 6 percent in July 2016.
  • Month-over-month, prices increased by 1.1 percent.
  • The CoreLogic HPI Forecast predicts that home prices will increase by 5.4 percent year-over-year from July 2016 to July 2017.

july-national-home-price-change-2-HR

Black Knight Financial Services’ Mortgage Monitor for July 2016:

  • There was $518 billion in first-lien mortgage originations in Q2.
  • Purchase originations increased 50 percent quarter-over-quarter.
  • Refinance originations increased 8 percent quarter-over-quarter.

 

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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:

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

  • Total construction spending in July was estimated at a seasonally adjusted annual rate of $1.15 trillion.
  • Residential construction was at a seasonally adjusted rate of $445.5 billion in July.
  • This is 0.3 percent above the revised June estimate ($444.0 billion).

Zillow Housing Confidence Index for July 2016:

  • Less than 65 percent of homeowners surveyed said now is a good time to buy.
  • Just 38 percent of renters surveyed said now is a good time to buy a home.
  • Out of every 10 homeowners surveyed, seven said now is a good time to sell a home.

Transaction-Gap-388033

Freddie Mac’s Primary Mortgage Market Survey:

  • The rates for 30-year fixed-rate mortgages were an average 3.46 percent with an average 0.5 point for the week ending September 1, 2016.
  • Last week, the rate averaged 3.43 percent.
  • A year ago, the rate averaged 3.89 percent.

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Email market reports to press@inman.com.

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