We’ll add more market news briefs throughout the day. Check back to read the latest.
FNC’s Residential Price Index:
- The 100-MSA purchase index composite for November 2015 was 165.62, up .07 month-over-month.
- The index was up 9.31 points year-over-year.
- Los Angeles had the highest purchase price index: 243.13.
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:
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.
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