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Daily market update: June 28, 2016

06/28/2016

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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:

Campbell/Inside Mortgage Finance HousingPulse Tracking Survey:

First-time homebuyers accounted for 40.8 percent of home purchases in May. This is the highest level seen in more than five years. Real estate owned properties and short sales accounted for a combined 18.0 percent share of home sales in May, down from a 20.3 percent share in May 2015.

Black Knight’s home price index for April 2016:

The U.S. home price index was at $260,000. This is up 30.4 percent from the market’s bottom and is 2.9 percent lower than the June 2006 market peak. Washington led all states with 1.9 percent appreciation month-over-month. BKFS_HPI_Apr2016_US_hi_res

Email market reports to press@inman.com.

Source: click here

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