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Daily market update: July 8, 2016

07/08/2016

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

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 Most recent market news:

Freddie Mac’s Primary Mortgage Market Survey:

The 30-year fixed-rate mortgage fell 7 basis points to 3.41 percent in this week’s survey. Mortgage rates have now dropped 15 basis points over the past two weeks. This means rates are only 10 basis points above the all-time low.

pmms_chart_lg (1)

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

The HPSI decreased 2.1 points to 83.2 in June. This is down from May’s all-time survey high. The share of consumers who said now is a good time to sell a home increased 5 percentage points on net to a survey-high of 18 percent. Those saying now is a good time to buy a home rose 3 percentage points on net to 32 percent.

hpsi-070716

Email market reports to press@inman.com.

Source: click here

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