We’ll add more market news briefs throughout the day. Check back to read the latest.
U.S. Census Bureau’s January 2016 Construction Spending:
- Spending on private construction was at a seasonally adjusted rate of $831.4 billion.
- This is 0.5 percent above the revised December estimate of $827.3 billion.
- Residential construction was $433.2 billion in January, the same month-over-month as December.
CoreLogic’s January 2016 Home Price Insights Report:
- Home prices rose 1.3 percent month-over-month.
- Home prices rose 6.9 percent year-over-year.
- This is the 47th month of consecutive year-over-year increase, but the returns are no longer double-digit.
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=”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”]
Last week’s most recent market news:
National Association of Realtors Pending Home Sale Index (PHSI) for January 2016:
- The PHSI declined 2.5 percent to 106.0 in January.
- This is 1.4 percent above January 2015 (104.5).
- The index has increased year-over-year for 17 consecutive months, but January’s gain was the second-smallest.
Black Knight Financial Services’ Home Price Index for December 2015:
- The home price index in the U.S. was $253,000.
- This is down 0.1 percent month-over-month.
- However, the index is up 5.5 percent year-over-year.
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