Daily market update: October 4, 2016

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

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:

[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:

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:

  • 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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