We’ll add more market news briefs throughout the day. Check back to read the latest.
Campbell/Inside Mortgage Finance HousingPulse Tracking Survey:
- First-time homebuyers accounted for 40.8 percent of home purchases in May.
- This is the highest level seen in more than five years.
- Real estate owned properties and short sales accounted for a combined 18.0 percent share of home sales in May, down from a 20.3 percent share in May 2015.
Black Knight’s home price index for April 2016:
- The U.S. home price index was at $260,000.
- This is up 30.4 percent from the market’s bottom and is 2.9 percent lower than the June 2006 market peak.
- Washington led all states with 1.9 percent appreciation month-over-month.
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”]
Most recent market news:
Freddie Mac’s Primary Mortgage Market Survey:
- 30-year fixed-rate mortgages (FRMs) averaged 3.56 percent with an average 0.6 point for the week ending June 23, 2016.
- This is up from last week when it averaged 3.54 percent.
- A year ago at this time, the 30-year FRM averaged 4.02 percent.
- Sales of new single-family houses in May 2016 were at a seasonally adjusted annual rate of 551,000.
- This is 6.0 percent below the revised April rate of 586,000, but is 8.7 percent above the May 2015 estimate of 507,000.
- The median sales price of new houses sold in May 2016 was $290,400; the average sales price was $358,900. T
- he seasonally adjusted estimate of new houses for sale at the end of May was 244,000. This represents a supply of 5.3 months at the current sales rate
CoreLogic’s Market Pulse Report for June 2016:
- Active loans with interest rates higher than 4.50 percent comprised 38 percent of all loans in February 2016.
- Completed foreclosures were down 15.8 percent year-over-year in April 2016.
- Home prices were up 6.2 percent year-over-year in April 2016.
Email market reports to press@inman.com.
