We’ll add more market news briefs throughout the day. Check back to read the latest.
National Association of Realtors Existing-Home Sales for March 2016:
- Total existing-home sales were up 5.1 percent (seasonally adjusted) month-over-month.
- Sales are up 1.5 percent year-over-year.
- The median existing-home price for March was $222,700, up 5.7 percent year-over-year.
Architecture Billings Index (ABI) for March 2016:
- The March ABI score was 51.9, up from 50.3 in February.
- The new projects inquiry index was 58.1, down from 59.5 in February.
- Regional averages for the following regions were: South (52.4), Northeast (51.0), West (50.4), Midwest (49.8)
Mortgage Bankers Association’s Weekly Applications Survey:
- Mortgage applications increased 1.3 percent week-over-week (adjusted).
- The refinance share of mortgage activity increased to 55.4 percent of total applications from 54.9 percent.
- The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,000 or less) increased to 3.83 percent from 3.82 percent.
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:
- Privately-owned housing units authorized by building permits in March were at a seasonally adjusted annual rate of 1,086,000, down 7.7 percent month-over-month but up 4.6 percent year-over-year.
- Privately-owned housing starts in March were at a seasonally adjusted annual rate of 1,089,000, down 8.8 percent month-over-month but up 14.2 percent year-over-year.
- Privately-owned housing completions in March were at a seasonally adjusted annual rate of 1,061,000, up 3.5 percent month-over-month and up 31.6 percent year-over-year.
CoreLogic’s Market Pulse Report for April 2016:
- The cash sales share of all home sales from December 2015 through February 2016 was 34 percent.
- Completed foreclosures were down 10 percent year-over-year.
- Home prices were up 6.8 percent year-over-year.
Email market reports to press@inman.com.
