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Black Knight Financial Services’ “First Look” at March 2016 mortgage data:
- The national delinquency rate fell 8 percent in March to 4.08 percent.
- The rate of 30-day delinquencies is at lowest level in over 15 years.
- Foreclosure starts were down 14 percent from February.
Campbell/Inside Mortgage Finance Housing Pulse Survey for March 2016:
- First-time homebuyers accounted for 37.8 percent of home purchases during March, based on a three-month moving average, up from 36.7 percent in February.
- The current homeowner share of purchases fell to 46.0 percent in March from 46.5 percent the previous month.
- The average time on market for non-distressed properties in March was 9.8 weeks, and the average home price on non-distressed properties was $292,200.
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:
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.
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