Markets & Economy

Daily market update: October 5, 2016

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

Mortgage Bankers Association’s Weekly Applications Survey:

  • Mortgage applications increased¬†2.9 percent from one week earlier for the week ending September 30, 2016.
  • The unadjusted Purchase Index was down 0.2 percent week-over-week and 14 percent year-over-year.
  • The¬†refinance share of mortgage activity increased to 63.8 percent of total applications from 62.7 percent the previous week.

Mortgage rates:

 

Home equity rates:

Most recent market news:

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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