Real Estate Market Recap: April 18-22, 2016

Check Inman every day for the daily version of this market roundup.

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”]

Friday, April 22:

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.

black-knight-march-2016

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.

Thursday, April 21:

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.

pmms_chart_lg

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.

fhfa-seasonally-adjusted-unadjusted-rates

Wednesday, April 20:

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.

March EHS Infographic

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.

Tuesday, April 19:

U.S. Census Bureau/U.S. Department of Housing and Urban Development New Residential Construction for March 2016:

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.

report_highlights_mktpulse_1604_01