Daily market update: Jan. 4, 2016

We’ll add more market news briefs throughout the day. Check back to read the latest.

U.S. Census Bureau’s November 2015 construction spending report:

• Construction spending was at a seasonally adjusted rate of $1,122.5 billion.
• This is 0.4 percent below the revised October 2015 estimate.
• It’s also 10.5 percent above the November 2014 estimate.

Black Knight Financial Services’ October 2015 home price index:

• The home price index for October 2015 was $254,000.
• New York, Tennessee and Texas hit new peaks in October.
• Connecticut saw the most negative monthly movement.

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”]

Last week’s most recent market news:

National Association of Realtors’ Pending Home Sales Index for November 2015:

• The pending home sales index declined by 0.9 percent to 106.9 in November.

• This is 0.9 percent below October’s index but 2.7 percent above November 2014.

• The November annual gain was the smallest since October 2014.

    First American’s Loan Application Defect Index for November 2015:

• The defect index fell 1.3 percent month-over-month in November 2015.

• The index fell 8.2 percent year-over-year in November 2015.

• The defect index for refinance transactions was down 2.9 percent month-over-month, 10.7 percent year-over-year.

Federal Housing Finance Agency’s November 2015 mortgage index:

• The national average contract mortgage rate for previously occupied homes was 3.85 percent, down from 3.89 percent in October.
• The average interest rate on all mortgage loans was 3.86 percent, down from 3.90 percent in October.
• The average loan amount for all mortgage loans was $319,800, up from $308,600 in October.

Freddie Mac’s Multi-Indicator Market Index (MiMi):

• The national MiMi value stands at 81.9.
• This is 0.59 percent up from September to October 2015.
• This also indicates a 6.31 percent year-over-year increase.

Send market reports to press@inman.com.