We’ll add more market news briefs throughout the day. Check back to read the latest.
National Association of Realtors February 2016 Existing Home Sales:
- Total existing-home sales dropped 7.1 percent month-over-month on a seasonally adjusted basis from January to February.
- Sales increased 2.2 percent year-over-year, however,
- The median existing-home price for all housing types in February was 210,800, up 4.4 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”]
Last week’s most recent market news:
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.
Email market reports to press@inman.com.
