We’ll add more market news briefs throughout the day. Check back to read the latest.
National Association of Realtors existing-home sales for January 2016:
- Existing-home sales were at a seasonally adjusted annual rate (SAAR) of 5.47 million in January 2016.
- This is up 11.0 percent year over year.
- The median existing-home price for all home types was $213,800.
S&P/Case-Shiller Home Price Indices for December 2015:
- The index rose 5.4 percent year-over-year in December.
- Portland led the way in price increases (11.4 percent), followed by San Francisco (10.3 percent) and Denver (10.2 percent).
- The national index rose 0.1 percent month-over-month.
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:
Campbell/Inside Mortgage Finance HousingPulse Tracking Survey:
- Between September and January, the total average closing time (including delays) increased for six types of mortgage financing.
- The average closing time for purchase mortgages with a down payment of at least 20 percent backed by Fannie Mae or Freddie Mac increased 5 days from September to January.
- Most home purchases continue to close on time, but the scheduled closing time has increased.
Black Knight Financial Corp’s “first look” at January 2016 mortgage data:
- The total U.S. loan delinquency rate (30 or more days past due but not in foreclosure) was 5.09 percent, up 6.62 percent month-over-month but down 7.10 percent year-over-year.
- The total U.S. foreclosure pre-sale inventory rate was 1.30 percent, down 4.53 percent month-over-month and 25.69 percent year-over-year.
- Total foreclosure starts totaled 71,900, down 7.94 percent month-over-month and 22.94 percent year-over-year.
Email market reports to press@inman.com.
