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.

Freddie Mac’s Primary Mortgage Market Survey:

  • The rate for 30-year fixed-rate mortgages averaged 3.96 percent with an average 0.6 point for the week ending December 24, 2015.
  • This is down from 3.97 percent last week.
  • Year-over-year, the 30-year fixed-rate mortgage rate is up from 3.83 percent.

pmms_chart

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”]

Yesterday’s most recent market news:

U.S. Census Bureau/Department of Housing and Urban Development’s November 2015 new residential sales data:

  • New single-family home sales were at a seasonally adjusted annual rate of 490,000.
  • This is up 4.3 percent month-over-month and up 9.1 percent year-over-year.
  • The median sales price of new homes sold in November 2015 was $305,000.

Black Knight Financial Services’ ‘First Look’ at November 2015 mortgage data:

  • There were 66,600 foreclosure starts in November — the lowest one-month total since April 2006.
  • Foreclosure inventory is down 185,000 from one year ago.
  • Prepayment rate, which is often a good indicator of refinance activity, is down 16 percent month-over-month.

Mortgage Bankers Association’s Weekly Applications Survey:

  • Mortgage applications increased 7.3 percent week-over-week for the week ending Dec. 18, 2015.
  • The Refinance Index increased 11 percent week-over-week.
  • The seasonally adjusted Purchase Index increased 4 percent.

Send market reports to press@inman.com.

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