Markets & Economy

Daily market update: September 12, 2016

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

Mortgage rates:

 

Home equity rates:

Most recent market news:

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:

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  • 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

Email market reports to press@inman.com.