Jun 7 2016 20732 2

Dated: 06/07/2016

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Daily market update: June 7, 2016

Amber Taufenamber@inman.comJun 7, 2016

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

CoreLogic Home Price Index for April 2016:

  • Home prices nationwide increased 6.2 percent year-over-year in April 2016.

  • Prices increased 1.8 percent month-over-month.

  • The CoreLogic HPI Forecast indicates that home prices will increase by 5.3 percent on a year-over-year basis from April 2016 to April 2017, and 0.9 percent month-over-month.

april-national-home-price-change-1-HR

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

  • The HPSI increased 1.6 points to 85.3 in May.

  • This is a new all-time survey high.

  • The net share of consumers who expect that home prices will go up over the next 12 months rose 5 percentage points, followed by a 3 percentage point increase in the net share of consumers who expect mortgage interest rates to go down over the next 12 months.

hpsi-060716

Mortgage rates:

30-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio 15-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio

 

Home equity rates:

Average Home Equity Loan Bank Rates by State | Credio Average Home Equity Loan Credit Union Rates by State | Credio

Yesterday’s most recent market news:

Black Knight Financial Services monthly mortgage performance data for April 2016:

  • April’s national delinquency rate was up 3.77 percent from March.

  • The April delinquency rate was still more than 10 percent below the April 2015 level.

  • At 58,700, April’s foreclosure starts were the lowest monthly volume since April 2005.

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Michelle Cantrell

Michelle is a native of Southwest Missouri and has twenty-five years of experience in selling real estate in the greater Springfield area! Michelle specializes in all price points, including new const....

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