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