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Freddie Mac Primary Mortgage Market Survey:

  • Rates for 30-year fixed-rate mortgages averaged 3.64 percent with an average 0.5 point for the week ending March 3, 2016.
  • This is up from last week, when the average was 3.62 percent.
  • It’s down from a year ago, when the average was 3.75 percent.

pmms_chart_march3_2016

Mortgage Bankers Association’s Mortgage Credit Availability Index (MCAI) for February 2016:

  • The MCAI was unchanged month-over-month at 123.8 in February.
  • Of the four component indices, the Conforming MCAI saw the greatest loosening (up 1.0 percent) over the month.
  • The Government MCAI was up 0.6 percent).

mcai-feb-2016

Mortgage rates:

 

Home equity rates:

Yesterday’s most recent market news:

Ten-X Real Estate “Nowcast” for February 2016:

  • Existing home sales for February will fall between a seasonally adjusted annual rate of 5.23 and 5.58 million sales.
  • This sales number is down 1.3 percent month-over-month.
  • However, it is up 10.4 percent year-over-year.

Mortgage Bankers Association’s Weekly Applications Survey:

  • The Market Composite Index, which measures loan application volume, decreased 4.8 percent on a seasonally adjusted basis week-over-week.
  • On an unadjusted basis, the Index increased 7 percent week-over-week.
  • The Refinance Index decreased 7 percent week-over-week, and the refinance share of mortgage activity decreased to its lowest level since January 2016 — 58.6 percent of total applications — from 61.0 percent the previous week.

Email market reports to press@inman.com.