Check Inman every day for the daily version of this market roundup.

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=”c0eKOcwwRlX” title=”Average Home Equity Loan Bank Rates by State” width=”600″ height=”468″ url=”https://w.graphiq.com/w/c0eKOcwwRlX” link=”http://mortgage-lenders.credio.com” link_text=”Credio | Graphiq” ]

Day-by-day market activity

 

Thursday, January 5:

Freddie Mac’s Primary Mortgage Market Survey:

  • The 30-year fixed-rate mortgage averaged 4.20 percent with an average 0.5 point for the week ending January 5, 2017.
  • This is down from last week when it averaged 4.32 percent.
  • A year ago at this time, the 30-year FRM averaged 3.97 percent.

pmms_chart_lg

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

  • The MCAI increased 0.6 percent to 175.2 in December.
  • Of the four component indices, the Jumbo MCAI saw the greatest increase in availability over the month (up 1.3 percent), followed by the Conventional MCAI (up 0.7 percent), the Government MCAI (up 0.6 percent), and the Conforming MCAI (up 0.04 percent).

total-mcai

Attom Data Solutions 2017 Rental Affordability Report:

  • Making monthly house payments on a median-priced home is more affordable than the fair market rent on a three-bedroom property in 354 of the 500 counties analyzed in the report (66 percent).
  • Counter to the overall trend, renting is more affordable than buying a home in 186 of the 540 counties analyzed for the report (34 percent).
  • On average across the 540 counties analyzed, monthly fair market rent on a three-bedroom property in 2017 will require 38.6 percent of average wages.

Wednesday, January 4:

Mortgage Banker’s Association’s Weekly Applications Survey:

  • Mortgage applications decreased 12 percent from two weeks earlier for the week ending December 30, 2016.
  • The Refinance Index decreased 22 percent from two weeks ago.
  • The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances decreased to 4.39 percent from 4.45 percent.

Tuesday, January 3:

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.

screen-shot-2017-01-03-at-8-16-21-am

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.

Email market news to press@inman.com.

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×