We’ll add more market news briefs throughout the day. Check back to read the latest.
- The home price index rose 6 percent year-over-year in July 2016.
- The share of homes with negative equity in Q2 2016 was 7.1 percent.
- The share of homes sold that were classified as “distressed” was 7.8 percent.
- Mortgage applications decreased 0.7 percent from one week earlier on a seasonally adjusted basis, and decreased 1 percent on an unadjusted basis.
- The refinance share of mortgage activity decreased to 62.7 percent of total applications from 63.1 percent the previous week.
- The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances decreased to 3.66 percent from 3.70 percent, with points decreasing to 0.33 from 0.38.
- The national MiMi is at 85.1 percent, unchanged from June 2016.
- On a year-over-year basis, the July MiMi improved 4.70 percent.
- Since the October 2010 all-time low, the national MiMi has rebounded 43 percent.
Home equity rates:
Most recent market news:
What every team lead really needs
Form, function and flat out results READ MORE
- There was a 5.1 percent annual gain in July.
- This is higher than the June 2016 gain of 5.0 percent.
- The 20-City Composite reported year-over-year gains of 5.0 percent, down from June’s 5.1 percent.
Email market reports to email@example.com.