Daily market update: March 17, 2016

We’ll add more market news briefs throughout the day. Check back to read the latest.

Re/Max March 2016 National Housing Report:

• Home sales rose 4.8 percent year-over-year.
• The median sales price rose 5.9 percent year-over-year.
• We currently have 4.0 months supply of inventory.

Freddie Mac’s Primary Mortgage Market Survey:

• The 30-year fixed-rate mortgage averaged 3.73 percent with an average 0.5 point for the week ending March 17, 2016.
• This is up from 3.68 percent last year.
• A year ago, the 30-year fixed rate mortgage averaged 3.78 percent.

CoreLogic’s March 2016 Market Pulse Report:

• The home price index is up 6.9 percent year-over-year.
• Home equity is up $6 trillion since the Great Recession.
• Completed foreclosures are down 16.2 percent year-over-year.

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:

U.S. Census Bureau and U.S. Department of Housing and Urban Development’s New Residential Construction in February 2016:

• 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.

Email market reports to press@inman.com.