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Mortgage Bankers Association’s Mortgage Credit Availability Index (MCAI) for August 2016:

  • The MCAI decreased 0.4 percent month-over-month to 164.7 in August 2016.
  • The Conforming MCAI saw the greatest decrease: 0.9 percent.
  • The Government MCAI was down 0.5 percent, and the Conventional MCAI was down 0.2 percent.

 

Total MCAI

Freddie Mac’s Primary Mortgage Market Survey:

  • The 30-year fixed-rate mortgage averaged 3.44 percent with an average 0.6 point for the week ending September 8, 2016.
  • This is down from last week, when it averaged 3.46 percent.
  • A year ago, the average was 3.90 percent

pmms_chart_lg

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:

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

Email market reports to press@inman.com.

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