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Federal Housing Finance Agency’s mortgage rate results for January 2016:

  • The national average contract mortgage rate for previously owned homes was 3.98 percent, up from 3.97 percent in December.
  • The average interest rate on all loans was 3.97 percent, up from 3.96 in December.
  • The average loan amount was $310,400, down from $318,000 in December.

Federal Housing Finance Agency’s fourth-quarter 2015 house price data:

  • House prices rose 1.4 percent quarter-over-quarter in the fourth quarter of 2015.
  • Year-over-year, prices were up 5.8 percent.
  • The FHFA seasonally adjusted monthly index for December was up 0.4 percent month-over-month.

Mortgage rates:

 

Home equity rates:

Yesterday’s most recent market news:

U.S. Census Bureau and Department of Housing and Urban Development’s new residential sales for January 2016:

  • Single-family home sales in January 2016 were at a seasonally adjusted annual rate of 494,000.
  • This is 9.2 percent below the revised December 2015 rate.
  • It’s also 5.2 percent below the January 2015 estimate.

Mortgage Bankers Association’s weekly mortgage applications survey:

  • The market composite index decreased 4.3 percent on a seasonally adjusted basis week-over-week.
  • The refinance index decreased 8 percent week-over-week.
  • The seasonally adjusted purchase index increased 2 percent week-over-week.

Freddie Mac’s Multi-Indicator Market Index (MiMi):

  • The MiMi purchase applications indicator increased 9 percent in 2015.
  • The national MiMi value is at 82.7.
  • Year-over-year, the national MiMi improved 7.65 percent.

Email market reports to press@inman.com.