Real Estate Daily Market Update: August 30, 2016

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S&P/Case-Shiller Home Price Indices for June 2016:

The home price index rose by 5.1 percent from June 2015 to June 2016.
This year-over-year price gain is unchanged from last month.
Month-over-month, the index rose 1.0 percent (unadjusted).

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Federal Finance Housing Agency’s mortgage rates for July 2016:

The national average contract mortgage rate for previously occupied homes by combined lenders was 3.62 percent for loans closed in late July.
The average interest rate on all mortgage loans was 3.63 percent.
The average loan amount was $325,700, down from $333,900 in June.

National Average Contract Mortgage Rate for Previously Occupied Homes through July 2016

Mortgage rates:

[graphiq id=”b2w6fmfIyNL” title=”30-Year Fixed Rate Mortgage Rates for the Past 6 Months” width=”600″ height=”400″ url=”https://w.graphiq.com/w/b2w6fmfIyNL” link=”http://mortgage-lenders.credio.com” link_text=”30-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio”]

[graphiq id=”2NvK9Bl9HIF” title=”15-Year Fixed Rate Mortgage Rates for the Past 6 Months” width=”600″ height=”400″ url=”https://w.graphiq.com/w/2NvK9Bl9HIF” link=”http://mortgage-lenders.credio.com” link_text=”15-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio”]

Home equity rates:

[graphiq id=”kPkTJrAnX5r” title=”Average Home Equity Loan Bank Rates by State” width=”600″ height=”465″ url=”https://w.graphiq.com/w/kPkTJrAnX5r” link=”http://mortgage-lenders.credio.com” link_text=”Average Home Equity Loan Bank Rates by State | Credio”]

[graphiq id=”dP0v3iYOnH” title=”Average Home Equity Loan Credit Union Rates by State” width=”600″ height=”465″ url=”https://w.graphiq.com/w/dP0v3iYOnH” link=”http://mortgage-lenders.credio.com” link_text=”Average Home Equity Loan Credit Union Rates by State | Credio”]