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Daily market update: Feb. 12, 2016

Mortgage rates plus all the latest daily real estate market news
Published on Feb 12, 2016

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

Mortgage rates:

 

Home equity rates:

 

Yesterday’s most recent market news:

Mortgage Bankers Association’s Builder Applications Survey for January 2016:

  • Mortgage applications for new home purchases increased 14 percent month-over-month (not seasonally adjusted).
  • Conventional loans comprised 67.4 percent of loan applications, and FHA comprised 19.5 percent.
  • The seasonally adjusted annual rate for single-family home sales was 499,000 units.

Freddie Mac’s Primary Mortgage Market Survey:

  • The 30-year fixed-rate mortgage averaged 3.65 percent with an average 0.5 point for the week ending February 11, 2016.
  • This is down from 3.72 percent last week.
  • It’s also slightly down from 3.69 percent last year.

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Email market reports to [email protected].

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