Coldwell Banker home seller survey results:

  • Since 2006, the number of sellers who accepted an offer based on emotion rather than money alone rose to 36 percent.
  • 28 percent of sellers sold their homes in less than two weeks.
  • 47 percent of sellers are receiving multiple offers.
  • 27 percent of sellers are receiving offers above asking price.
  • 46 percent of sellers take the first offer.

The Mortgage Bankers Association’s weekly Mortgage Applications Survey showed:

  • There was an 8.4 percent spike in mortgage applications this week.
  • Purchase activity is up more than 6 percent, and refinance activity is down 5 percent.
  • The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,000 or less) increased to 4.17 percent, its highest level since November 2014, from 4.02 percent.
  • Those 30-year fixed-rate mortgages backed by the Federal Housing Administration increased to 3.9 percent, also the highest level since November 2014, from 3.77 percent.
  • The average rate for 15-year fixed-rate mortgages increased to 3.37 percent, its highest level since November 2014, from 3.27 percent.
  • The average interest rate for 30-year fixed-rate jumbo loans (greater than $417,000) also saw an increase. Those rates rose to 4.15 percent, their highest level since October 2014, from 4.01 percent.

Email market updates to

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.
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