Daily market update: September 14, 2016

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Mortgage Bankers Association’s Weekly Applications Survey:

  • Mortgage applications increased 4.2 percent week-over-week on a seasonally adjusted basis.
  • On an unadjusted basis, applications decreased 17 percent week-over-week.
  • The refinance share of mortgage activity decreased to 62.9 percent of total applications from 64.0 percent the previous week.

Mortgage rates:

 

Home equity rates:

Most recent market news:

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.

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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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Email market reports to press@inman.com.