We’ll add more market news briefs throughout the day. Check back to read the latest.
Freddie Mac’s Primary Mortgage Market Survey:
- The rate for 30-year fixed-rate mortgages averaged 3.96 percent with an average 0.6 point for the week ending December 24, 2015.
- This is down from 3.97 percent last week.
- Year-over-year, the 30-year fixed-rate mortgage rate is up from 3.83 percent.
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:
- New single-family home sales were at a seasonally adjusted annual rate of 490,000.
- This is up 4.3 percent month-over-month and up 9.1 percent year-over-year.
- The median sales price of new homes sold in November 2015 was $305,000.
Black Knight Financial Services’ ‘First Look’ at November 2015 mortgage data:
- There were 66,600 foreclosure starts in November — the lowest one-month total since April 2006.
- Foreclosure inventory is down 185,000 from one year ago.
- Prepayment rate, which is often a good indicator of refinance activity, is down 16 percent month-over-month.
Mortgage Bankers Association’s Weekly Applications Survey:
- Mortgage applications increased 7.3 percent week-over-week for the week ending Dec. 18, 2015.
- The Refinance Index increased 11 percent week-over-week.
- The seasonally adjusted Purchase Index increased 4 percent.
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