We’ll add more market news briefs throughout the day. Check back to read the latest.
Real Trends February 2016 Housing Market Report:
- Housing sales increased 13.9 percent year-over-year.
- This is the strongest year-over-year increase since June 2015.
- Housing prices rose an average of 2.3 percent year-over-year.
FNC Residential Price Index for January 2016:
- Year-over-year growth was at a 16-month high since October 2014.
- Sales were down 0.3 percent from December.
- However, sales were up 6.4 percent year-over-year from December 2015.
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”]
Last week’s most recent market news:
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 Association’s New Homes 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.
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