We’ll add more market news briefs throughout the day. Check back to read the latest.
FNC Residential Price Index for May 2016:
- May home prices are up 0.7 percent.
- Year-over-year, prices are up 4.9 percent.
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:
Mortgage Bankers Association’s New Purchase Applications for June 2016:
- Mortgage applications for new home purchases decreased by 0.2 percent month-over-month.
- The three-month average loan size was $326,480 in June.
- Year-over-year, June new home purchases were up 7 percent.
Freddie Mac’s Primary Mortgage Market Survey:
- 30-year fixed-rate mortgages (FRM) averaged 3.42 percent with an average 0.5 point for the week ending July 14, 2016.
- This is up from last week when it averaged 3.41 percent.
- A year ago at this time, the 30-year FRM averaged 4.09 percent.
July 2016 Re/Max market report:
- Sales were up 0.7 percent year-over-year and 9.4 percent month-over-month.
- The median sales price was $229,900 — 2.2 percent higher year-over-year.
- The number of homes for sale in June fell 15.6 percent year-over-year.
Email market reports to press@inman.com.
