Monday, February 8, 2016
Daily market update: Feb. 8, 2016
Fannie Mae’s January 2016 Home Purchase Sentiment Index (HPSI):
The HPSI decreased 1.7 points month-over-month.
This puts January’s HPSI at 81.5.
The share of consumers who reported their net income was significantly higher than one year ago fell 3 percentage points month-over-month.
The February preliminary Money Anxiety Index:
The February preliminary Money Anxiety Index is 62.4.
This is the same as January’s index.
This indicates uncertainty and confusion among consumers about the economy.
February preliminary Money Anxiety Index
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
Last week’s most recent market news:
Mortgage Bankers Association’s Mortgage Credibility Index (MCAI) for January 2016:
The MCAI decreased 0.4 percent month-over-month, to 123.8.
This indicates that lending standards are tightening.
The Conforming MCAI saw the greatest tightening (1.5 percent) followed by the Government MCAI (0.8 percent).
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