Daily market update: September 7, 2016

LIVE NOW: Inman Connect San Francisco
Tune-in now to catch the livestream. Don't miss this chance to see real estate leaders tackle the industry's top problems.

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

Mortgage Bankers Association’s Weekly Applications Survey:

  • The market composite index increased 0.9 percent on a seasonally adjusted basis from one week earlier.
  • Unadjusted, the index decreased 0.1 percent week-over-week.
  • The refinance share of mortgage activity increased to 64.0 percent of total applications from 63.5 percent last week.

Fannie Mae’s Home Purchase Sentiment Index (HPSI) for August 2016:

  • The HPSI fell 1.5 points to 85.0 in August.
  • Four of the six HPSI components decreased, including the share of consumers who expect prices to go up and the share who say it’s a good time to sell.
  • More consumers reported a positive employment outlook, but fewer reported significantly higher household income.

Screen Shot 2016-09-07 at 7.54.27 AM

Mortgage rates:

 

Home equity rates:

Most recent market news:

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.

Screen Shot 2016-09-06 at 8.08.32 AM

Email market reports to press@inman.com.