Markets & Economy

Daily market update: October 7, 2016

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

Bureau of Labor Statistics Employment Report for September 2016:

  • Nonfarm payroll employment increased by 156,000 jobs in September 2016.
  • The unemployment rate was 5.0 percent in September 2016, up slightly from 4.9 percent in August.
  • The professional and business services sector and health care sector saw employment gains in September.

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Fannie Mae’s Home Purchase Sentiment Index (HPSI) for September 2016:

  • The HPSI fell to 82.8 in September 2016.
  • This is a 2.2 percentage point decrease from August 2016.
  • In September 2015, the HPSI was 83.8.

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Mortgage rates:

 

Home equity rates:

Most recent market news:

Freddie Mac’s Primary Mortgage Market Survey:

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  • The 3o-year fixed-rate mortgage (FRM) averaged 3.42 percent with an average 0.5 point for the week ending October 6, 2016.
  • This rate is unchanged from last week’s.
  • A year ago at this time, the 30-year FRM averaged 3.76 percent.

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Email market reports to press@inman.com.