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Daily market update: Jan. 20, 2016

Mortgage rates plus all the latest daily real estate market news

We’ll add more market news briefs throughout the day. Check back to read the latest.

Mortgage Bankers Association’s Builder Applications Survey for December 2015:

  • Mortgage applications for new home purchases were down 5 percent month-over-month in December 2015.
  • On a seasonally adjusted basis, new home mortgage applications were down by 8 percent month-over-month.
  • New home mortgage applications were up 17 percent year-over-year, however.

 

Mortgage rates:

 

Home equity rates:

 

Last week’s most recent market news:

Real Trends December 2015 Housing Market Report:

  • In December 2015, housing sales increased 8.2 percent year-over-year.
  • This was the largest year-over-year increase since June 2015.
  • The West was the strongest region, with a 10.3 increase.

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Re/Max January 2016 National Housing Report:

  • December 2015 home sales were up 6.1 percent year-over-year.
  • The median sales price was up 5.3 percent year-over-year.
  • Average days on market was 67 days.

 

remax-home-sales-map

FNC’s Residential Price Index for November 2015:

  • Home prices were “largely flat in November,” FNC reported.
  • Month-over-month, home prices registered a 0.0 percent change between October and November 2015.
  • Year-over-year, home prices rose 6.0 percent.

FNC-residential-price-November-2015

Email market reports to [email protected].

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