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- Single-family home sales in January 2016 were at a seasonally adjusted annual rate of 494,000.
- This is 9.2 percent below the revised December 2015 rate.
- It’s also 5.2 percent below the January 2015 estimate.
Mortgage Bankers Association’s weekly mortgage applications survey:
- The market composite index decreased 4.3 percent on a seasonally adjusted basis week-over-week.
- The refinance index decreased 8 percent week-over-week.
- The seasonally adjusted purchase index increased 2 percent week-over-week.
Freddie Mac’s Multi-Indicator Market Index (MiMi):
- The MiMi purchase applications indicator increased 9 percent in 2015.
- The national MiMi value is at 82.7.
- Year-over-year, the national MiMi improved 7.65 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:
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.
Email market reports to press@inman.com.