Daily market update: September 13, 2016

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

Quicken Loans Home Price Perception Index for August 2016:

  • Appraised values were 1.56 percent lower than homeowner estimates in August 2016.
  • Home values increased 1.73 percent month-over-month in August 2016.
  • Year-over-year, values increased 8.13 percent.

d-hvi-hppi-graphs-september-06

CoreLogic National Foreclosure Report for July 2016:

  • Foreclosure inventory was down 3.9 percent in July 2016 from June 2016.
  • Completed foreclosures were down 34,000 in July 2016.
  • This is a 16.5 percent year-over-year decline and a 3.9 percent month-over-month decline.

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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:

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

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Email market reports to press@inman.com.