Daily market update: September 13, 2016

by Staff Writer
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”]

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[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

pmms_chart_lg

Email market reports to press@inman.com.

Article image credited to AshDesign / Shutterstock.com