We’ll add more market news briefs throughout the day. Check back to read the latest.
Federal Housing Finance Agency’s mortgage rate results for January 2016:
- The national average contract mortgage rate for previously owned homes was 3.98 percent, up from 3.97 percent in December.
- The average interest rate on all loans was 3.97 percent, up from 3.96 in December.
- The average loan amount was $310,400, down from $318,000 in December.
Federal Housing Finance Agency’s fourth-quarter 2015 house price data:
- House prices rose 1.4 percent quarter-over-quarter in the fourth quarter of 2015.
- Year-over-year, prices were up 5.8 percent.
- The FHFA seasonally adjusted monthly index for December was up 0.4 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:
- 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.
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