We’ll add more market news briefs throughout the day. Check back to read the latest.
The FNC Residential Price Index for February 2016:
- After January’s price drop, February’s prices were back up.
- February home prices were up 0.1 percent from January.
- Prices were up 5.7 percent year-over-year.
Re/Max April 2016 National Housing Report:
- Home sales were up 33.4 percent month-over-month in March 2016.
- March sales were up 3.6 percent year-over-year.
- The median home price among median sales prices in March was $204,000.
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”]
Yesterday’s most recent market news:
First American Potential Home Sales for March 2016:
- The seasonally adjusted annualized rate of potential existing-home sales is 5.8 million.
- This represents a 90.9 percent increase from the market potential low point reached in December 2008.
- This is down 615,000 (SAAR) or 9.7 percent from the pre-recession peak of market potential, which occurred in July 2005.
Freddie Mac’s Primary Mortgage Market Survey:
- Mortgage rates are at new lows in 2016.
- 30-year fixed-rate mortgages (FRMs) averaged 3.58 percent with an average 0.5 point for the week ending April 14, 2016.
- This is down from last week (3.59 percent) and last year (3.67 percent).
Mortgage Bankers Association’s Builder Applications Survey:
- Mortgage applications for new home purchases increased 17 percent month-over-month (unadjusted).
- Conventional loans comprised 67.5 percent of loan applications.
- MBA estimates new single-family home sales were running at a seasonally adjusted annual rate of 574,000 units in March 2016.
Email market reports to press@sandbox.inman.com.