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Daily market update: Feb. 3, 2016

Mortgage rates plus all the latest daily real estate market news
Published on Feb 3, 2016

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 decreased 2.6 percent week-over-week on a seasonally adjusted basis.
  • The Refinance Index increased 0.3 percent week-over-week.
  • The seasonally adjusted Purchase Index decreased 7 percent week-over-week.

Mortgage rates:

 

Home equity rates:

 

Yesterday’s most recent market news:

CoreLogic’s Home Price Index for December 2015:

  • Five┬ástates and the District of Columbia reached new home price highs.
  • Home prices were up 6.3 percent year-over-year.
  • The 2016 forecast is for home prices to increase 5.4 percent year-over-year.

corelogic-caseshiller-nationaltrends

Ten-X’s Real Estate Nowcast for January 2015:

  • Existing home sales are projected to fall between seasonally adjusted annual rates of 5.13 and 5.46 million sales.
  • This is up 9.8 percent from January 2015.
  • It’s also down 3 percent from December 2014.
A table showing existing home sales from Ten-X.

Ten-X existing home sales table

Email market reports to [email protected].

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