We’ll add more market news briefs throughout the day. Check back to read the latest.
Campbell/Inside Mortgage Finance Housing Pulse Tracking Survey:
- The sales-to-list price ratio on non-distressed properties was 98.3 percent in July 2016, based on a three-month moving average.
- The average price of non-distressed properties sold in July was $300,900, up 3.7 percent compared with July 2015.
- Non-distressed properties sold during July received an average of 2.3 offers, and the average time on market for non-distressed properties sold during the month was 6.8 weeks.
First American Real House Price Index (RHPI) for June 2016:
- The RHPI decreased slightly in June 2016, falling 0.2 percent compared to May 2016 and -0.1 percent compared to June 2015.
- House prices have changed by a negative 38.5 percent since their pre-recession peak.
- Real house prices are 17.3 percent lower than they were in 2000.
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:
- The 30-year fixed rate mortgage averaged 3.43 percent with an average 0.6 point.
- This is unchanged from last week’s rates.
- A year ago, the 30-year fixed-rate mortgage averaged 3.84 percent.
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