Markets & Economy

Daily market update: October 4, 2016

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CoreLogic Home Price Insights (HPI) Report for August 2016:

  • The CoreLogic HPI is up 1.1 percent.
  • Year-over-year, the HPI is up 6.2 percent.
  • CoreLogic forecasts that the HPI will be up 0.4 percent month-over-month in September 2016 and 5.3 percent year-over-year in August 2017.

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Mortgage rates:

 

Home equity rates:

Most recent market news:

U.S. Census Bureau/U.S. Department of Commerce’s August 2016 construction data:

  • Construction spending during August 2016 was estimated at a seasonally adjusted annual rate of $1,142.2 billion.
  • This is 0.7 percent below the revised July estimate of $1,150.6 billion.
  • This is also 0.3 percent below the August 2015 estimate of $1,145.2 billion.

Black Knight Financial Services’ Mortgage Monitor for August 2016:

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  • The national delinquency rate fell by just over 6 percent month-over-month in August 2016.
  • Delinquencies were at 4.24 percent in August 2016.
  • The inventory of loans in active foreclosure continued its 19-month consecutive downward trend.

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Email market reports to press@inman.com.