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”]
Thursday, March 10:
CoreLogic’s Q4 2015 equity report:
- 8.5 percent of mortgaged homes are in negative equity.
- 1 million residential properties regained equity.
- 9.5 million homes have less than 20 percent equity.
Mortgage Bankers Associations Builders Applications Survey for February 2016:
- Mortgage applications for new home purchases increased 24 percent month-over-month (unadjusted).
- Conventional loans comprised 67.7 percent of new-home loan applications; FHA loans 18.7 percent; USDA loans 0.8 percent and VA loans 12.8 percent.
- The average loan size of new homes increased from $325,806 in January to $328,370 in February.
Freddie Mac’s Primary Mortgage Market Survey:
- Mortgage rates for a 30-year fixed-rate mortgage (FRM) averaged 3.68 percent with an average 0.5 point for the week ending March 10, 2016.
- This is up from last week, when it averaged 3.64 percent.
- It’s down year-over-year, when the 30-year FRM averaged 3.86 percent.
Wednesday, March 9:
Mortgage Bankers Association’s Weekly Applications Survey:
- The market composite index increased 0.2 percent on a seasonally adjusted basis week-over-week.
- The refinance index decreased 2 percent week-over-week.
- The average contract interest rate for 30-year, fixed-rate mortgages with conforming loan balances was 3.89 percent, an increase from 3.83 percent last week.
Tuesday, March 8:
CoreLogic’s January 2016 National Foreclosure Report:
- Foreclosures were down 21.7 percent year-over-year.
- Foreclosures were down 16.2 percent month-over-month.
- The rate of seriously delinquent homes was 3.2 percent, the lowest level since November 2007.
Quicken Loans Home Price Perception Index for January 2016:
- Appraised values were 1.75 percent lower than homeowner expectations nationally.
- The gap between appraisal and homeowner estimates narrowed for the fifth month in a row.
- Home values fell 0.42 percent month-over-month but rose 3.37 percent year-over-year.
Monday, March 7:
Fannie Mae’s Home Purchase Sentiment Index (HPSI) for February 2016:
- The HPSI rose 1.2 percentage points in February to 82.7.
- The share of respondents who say it is a good time to buy rose 4 percent to 35 percent.
- The share of respondents who say it is a good time to sell fell 2 percent to 7 percent.
The preliminary March 2016 Money Anxiety Index:
- The index is 62.8, the same as the final reading in February.
- This indicates that consumer attitudes and anxiety about money is unchanged month-over-month.
The preliminary Money Anxiety Index for March 2016