We’ll add more market news briefs throughout the day. Check back to read the latest.
- Privately-owned building permits in February were at a seasonally adjusted annual rate of 1,167,000, 3.1 percent below the revised January rate but 6.3 percent above the February 2015 estimate.
- Privately-owned housing starts in February were at a seasonally adjusted annual rate of 1,178,000, 5.2 percent above January and 30.9 percent above February 2015.
- Privately-owned housing completions in February were at 1,016,000, 4.2 percent below the revised January estimate but 17.5 percent above the February 2015 rate.
Mortgage Bankers Association’s Weekly Applications Survey:
- The Market Composite Index (which measures loan application volume) decreased 3.3 percent week-over-week on a seasonally adjusted basis.
- The Refinance Index decreased 6 percent week-over-week to its lowest level since August 2015.
- The seasonally adjusted Purchase Index increased 0.3 percent to its highest level since January 2016.
Preliminary Money Anxiety Index for March 2016:
- The preliminary March index is 62.8, the same as the final reading in February.
- The jobs market is improving.
- However, global economic uncertainty is contributing to anxiety.
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:
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.
Email market reports to press@inman.com.