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National Association of Realtors February 2016 Pending Home Sales Index (PHSI):
- The PHSI rose 3.5 percent to 109.1 in February.
- This is 0.7 percent above February 2015.
- This was the smallest annual gain in 18 months.
Black Knight Financial Services Home Price Index Report for January 2016:
- Home prices were up 0.1 percent month-over-month in January 2016.
- Prices were up 5.3 percent year-over-year.
- The current home price index value is $253,000.
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:
Fannie Mae’s Q1 2016 Mortgage Lender Sentiment Survey:
- Lenders reported that purchase demand decreased significantly during the past three months.
- Refinance mortgage demand was expected to increase significantly in the next quarter.
- On net, lenders reported tightening of credit standards for government loans for the first time since Q3 2014.
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