Markets & Economy

Daily market update: March 8, 2017

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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 3.3 percent from one week earlier for the week ending March 3, 2017.
  • The Refinance Index increased 5 percent from the previous week to the highest level since December 2016.
  • The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances increased to 4.36 percent from 4.30 percent.

Housing Tides February 2017 Monthly Pulse:

  • The March Housing Tides Index shows an increase to 73.6 after falling slightly to 72.4 in February.
  • The Index is up from 73.4 in March 2016.
  • The Housing Tides Index scores increased in 33 of the top 41 local markets this month.

Mortgage rates:

Home equity rates:

Most recent market news:

CoreLogic’s Home Price Insights for January 2017:

  • Home prices went up 6.9 percent between January 2016 and January 2017.
  • From December 2016 to January 2017, home prices rose 0.7 percent.
  • CoreLogic forecasts a 0.1 percent month-over-month change and 4.8 percent year-over-year change from January 2017.

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Fannie Mae’s Home Purchase Sentiment Index (HPSI) for February 2017:

  • The HPSI increased in February to 88.3.
  • This is 5.6 percentage points higher than January 2017.
  • The HPSI is also up 5.6 percentage points compared with February 2016.

Email market reports to press@inman.com.