We’ll add more market news briefs throughout the day. Check back to read the latest.
Freddie Mac’s Primary Mortgage Market Survey:
- The 30-year fixed-rate mortgage rate averaged 3.59 percent with an average 0.6 point for the week ending April 21, 2016.
- This was up from 3.58 percent from last week.
- It was down from last year’s rate, 3.65 percent.A year ago at this time, the 30-year FRM averaged 3.65 percent.
Federal Housing Finance Agency’s February 2016 House Price Index:
- U.S. house prices were up 0.4 percent month-over-month (seasonally adjusted).
- House prices were up 5.6 percent year-over-year.
- The index levels since October 2015 have exceeded the prior peak level from March 2007.
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 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.
Email market reports to press@inman.com.