Mortgage rates plus all the latest real estate market news.

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

Federal Housing Finance Agency’s October 2015 House Price Index:

  • Home prices rose 0.5 percent month-over-month on a seasonally adjusted basis.
  • This is 0.2 percent lower than September’s revised 0.7 percent increase.
  • Year over year, house prices were up 6.1 percent.

fhfa-seasonally-adjusted-rates

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”]

Last week’s most recent market news:

Re/Max’s December National Housing Report:

  • November home sells fell by 1.4 percent year-over-year.
  • Month-over-month, November sales fell by 22.6 percent.
  • The median sales price was up year-over-year by 4.1 percent.

remax-november-home-sales

First American’s Potential Home Sales Model for November 2015:

  • The market potential for existing-home sales decreased by 2.1 percent month-over-month.
  • The Potential Home Sales Model decreased by 8.0 percent year-over-year.
  • The model’s current underperformance gap is an estimated 147,000 (seasonally adjusted, annualized rate).

Freddie Mac’s Primary Mortgage Market Survey:

  • The 30-year fixed-rate mortgage (FRM) averaged 3.97 percent with an average 0.6 point for the week ending December 17 2015.
  • This is up from last week, when the 30-year FRM averaged 3.95 percent.
  • A year ago at this time, the 30-year FRM averaged 3.80 percent.

pmms_chart

Send market reports to press@inman.com.

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