Daily market update: January 3, 2017

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CoreLogic Home Price Insights for November 2016:

  • The CoreLogic home price index (HPI) was up 1.1 percent month-over-month in November 2016.
  • The HPI was up 7.1 percent year-over-year.
  • CoreLogic forecasts home prices to rise 4.7 percent year-over-year from 2016 to 2017.

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U.S. Census Bureau’s November 2016 construction report:

  • Construction spending during November was at a seasonally adjusted annual rate of $1,182 billion.
  • This is 0.9 percent above the revised October rate of $1,171.4 billion.
  • November’s number is also 4.1 percent above the November 2015 estimate.

Mortgage rates:

 

Home equity rates:

Most recent market news:

Freddie Mac’s Primary Mortgage Market Survey:

  • The 30-year mortgage rate rose 2 basis points to 4.32 percent with an average 0.5 point for the week ending December 29, 2016.
  • Last week it averaged 4.30 percent.
  • A  year ago at this time, the 30-year FRM averaged 4.01 percent.

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