We’ll add more market news briefs throughout the day. Check back to read the latest.
Federal Housing Finance Agency’s February 2016 mortgage index:
- The average interest rate on all mortgage loans was 3.89 percent, down from 3.97 in January.
- The average interest rate on conventional, 30-year, fixed-rate mortgages of $417,000 or less was 4.11 percent, down from 4.23 in January.
- The average loan amount for all loans was $316,700 in February, up from $310,400 in January.
S&P/Case-Shiller Home Price Index for January 2016:
- Home prices increased 5.4 percent year-over-year in January 2016.
- Before seasonal adjustment, home prices were unchanged month-over-month.
- After seasonal adjustment, home prices were up 0.5 percent month-over-month.
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:
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.
Email market reports to press@inman.com.
