Check Inman every day for the daily version of this market roundup.
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”]
Friday, Feb. 5:
Mortgage Bankers Association’s Mortgage Credibility Index (MCAI) for January 2016:
- The MCAI decreased 0.4 percent month-over-month, to 123.8.
- This indicates that lending standards are tightening.
- The Conforming MCAI saw the greatest tightening (1.5 percent) followed by the Government MCAI (0.8 percent).
Wednesday, Feb. 3:
Mortgage Bankers Association’s Weekly Applications Survey:
- Mortgage applications decreased 2.6 percent week-over-week on a seasonally adjusted basis.
- The Refinance Index increased 0.3 percent week-over-week.
- The seasonally adjusted Purchase Index decreased 7 percent week-over-week.
Tuesday, Feb. 2:
CoreLogic’s Home Price Index for December 2015:
- Five states and the District of Columbia reached new home price highs.
- Home prices were up 6.3 percent year-over-year.
- The 2016 forecast is for home prices to increase 5.4 percent year-over-year.
Ten-X’s Real Estate Nowcast for January 2015:
- Existing home sales are projected to fall between seasonally adjusted annual rates of 5.13 and 5.46 million sales.
- This is up 9.8 percent from January 2015.
- It’s also down 3 percent from December 2014.
Ten-X existing home sales table
Monday, Feb. 1:
Black Knight’s December 2015 Mortgage Monitor:
- The total U.S. loan delinquency rate was 4.78 percent.
- This is a 2.99 percent drop month-over-month in delinquency rate.
- The total foreclosure pre-sale inventory rate was 1.37 percent.
