We’ll add more market news briefs throughout the day. Check back to read the latest.
Fannie Mae’s Economic & Strategic Research Group’s 2016 Economic & Housing Outlook:
- Further labor market tightening will lead to increased household income and job security.
- Home price gains on the low end of the market will continue to outpace household income growth.
- Consumer spending will underpin economic growth in 2016.
Freddie Mac’s Primary Mortgage Market Survey:
- The 30-year fixed-rate mortgage rate averaged 3.92 percent with an average 0.6 point for the week ending January 14, 2016.
- This was down from last week, when it averaged 3.97 percent.
- Year-over-year, mortgage rates are up from 3.66 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:
Mortgage Bankers Association’s Weekly Applications Survey:
- The Market Composite Index for mortgage applications increased 21.3 percent during the week ending January 8, 2016.
- The Refinance Index increased 24 percent week-over-week.
- The seasonally adjusted Purchase Index increased 18 percent week-over-week.
Quicken’s Home Price Perception Index for December 2015:
- Appraised values in December were 1.8 percent lower than the homeowners’ opinion.
- This is the 11th consecutive month when appraised values were lower than homeowners’ expectations.
- Home values continued to increase in December.
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