We’ll add more market news briefs throughout the day. Check back to read the latest.
CoreLogic’s home price index for March 2016:
- Home prices increased 6.7 percent year-over-year in March 2016.
- Month over month, prices increased 2.1 percent
- CoreLogic forecasts that prices will increase 5.3 percent year-over-year in March 2017.
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:
U.S. Census Bureau’s construction spending for March 2016:
- Construction spending during March 2016 was estimated at a seasonally adjusted annual rate of $1,137.5 billion.
- This is 0.3 percent above the revised February estimate of $1,133.6 billion.
- The March figure is 8.0 percent above the March 2015 estimate of $1,052.9 billion.
Black Knight March 2016 Mortgage Monitor Report:
- Mortgage delinquencies fell by 8 percent in March, with the national rate hitting 4.08 percent.
- Prepayment speeds jumped 46 percent from February, hitting their highest point since June 2015.
- Total non-current inventory (loans 30 or more days past due or in foreclosure) has fallen over half a million loans from last year and is now below 2.7 million.
Ten-X Residential Real Estate Nowcast for April 2016:
- Existing home sales will fall between seasonally adjusted rates of 5.3 and 5.7 million.
- This would be a 3.6 increase from March.
- It would also indicate a 7.4 percent year-over-year gain.
Email market reports to press@inman.com.
