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Daily market update: March 29, 2016

Mortgage rates plus all the latest daily real estate market news
Published on Mar 29, 2016

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

Federal Housing Finance Agency’s February 2016 mortgage index:

  • The average interest rate on all mortgage loans was 3.89 percent, down from 3.97 in January.
  • The average interest rate on conventional, 30-year, fixed-rate mortgages of $417,000 or less was 4.11 percent, down from 4.23 in January.
  • The average loan amount for all loans was $316,700 in February, up from $310,400 in January.

NACMR-March292016

S&P/Case-Shiller Home Price Index for January 2016:

  • Home prices increased 5.4 percent year-over-year in January 2016.
  • Before seasonal adjustment, home prices were unchanged month-over-month.
  • After seasonal adjustment, home prices were up 0.5 percent month-over-month.

Mortgage rates:

 

Home equity rates:

Yesterday’s most recent market news:

National Association of Realtors February 2016 Pending Home Sales Index (PHSI):

  • The PHSI rose 3.5 percent to 109.1 in February.
  • This is 0.7 percent above February 2015.
  • This was the smallest annual gain in 18 months.

Black Knight Financial Services Home Price Index Report for January 2016:

  • Home prices were up 0.1 percent month-over-month in January 2016.
  • Prices were up 5.3 percent year-over-year.
  • The current home price index value is $253,000.

BKFS_HPI_Jan2016_Graphics_Page_28

Email market reports to press@inman.com.

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