We’ll add more market news briefs throughout the day. Check back to read the latest.
Mortgage Bankers Association’s Weekly Applications Survey:
- Mortgage applications increased 3.3 percent from one week earlier for the week ending March 3, 2017.
- The Refinance Index increased 5 percent from the previous week to the highest level since December 2016.
- The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances increased to 4.36 percent from 4.30 percent.
Housing Tides February 2017 Monthly Pulse:
- The March Housing Tides Index shows an increase to 73.6 after falling slightly to 72.4 in February.
- The Index is up from 73.4 in March 2016.
- The Housing Tides Index scores increased in 33 of the top 41 local markets this 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=”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:
CoreLogic’s Home Price Insights for January 2017:
- Home prices went up 6.9 percent between January 2016 and January 2017.
- From December 2016 to January 2017, home prices rose 0.7 percent.
- CoreLogic forecasts a 0.1 percent month-over-month change and 4.8 percent year-over-year change from January 2017.
Fannie Mae’s Home Purchase Sentiment Index (HPSI) for February 2017:
- The HPSI increased in February to 88.3.
- This is 5.6 percentage points higher than January 2017.
- The HPSI is also up 5.6 percentage points compared with February 2016.
Email market reports to press@inman.com.
