We’ll add more market news briefs throughout the day. Check back to read the latest.
S&P/Case-Shiller Home Price Index for February 2016:
- The index rose 5.3 percent year-over-year in February 2016.
- Before seasonal adjustment, the index rose 0.2 percent month-over-month in February.
- The 10-City Composite increased 4.6 percent year-over-year in February.
Money Anxiety Index from March 2016:
- The Money Anxiety Index increased by 1.3 index points to 64.0 in March 2016.
- This indicates a higher level of financial stress and anxiety.
- The increase was attributed to new home sales falling 1.5 percent in March, the third consecutive monthly drop.
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:
- New single-family home sales were at a seasonally adjusted rate of 511,000.
- This is 1.5 percent below the revised February 2016 rate, but 5.4 percent above the March 2015 estimate.
- The median sales price was $288,000, and supply is at 5.8 months’ of inventory.
Black Knight February 2016 Home Price Index:
- The home price index for February 2016 was $254,000.
- This is up 27.5 percent from the market’s bottom.
- However, it’s 5 percent lower than the June 2006 peak of $267,000.
Email market reports to press@inman.com.
