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.

Mortgage Bankers Association’s Weekly Applications Survey:

  • Mortgage applications decreased 27 percent (seasonally adjusted) from two weeks earlier for the week ending Jan. 1, 2016.
  • On an unadjusted basis, applications decreased 50 percent.
  • The refinance index decreased 37 percent from two weeks ago.

Auction.com Real Estate Nowcast for December 2015:

  • Existing home sales for December will fall between 4.8 and 5.11 million annual sales.
  • This is up 4.1 percent from November.
  • This also represents a 3.8 percent year-over-year decline.

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:

CoreLogic’s Home Price Index report for November 2015:

  • Colorado, Hawaii, Nebraska, New York, Montana, Tennessee, Texas and Wyoming reached new price highs in November 2015.
  • Home prices were up 6.3 percent year-over-year.
  • CoreLogic forecasts that home prices will increase by 5.4 percent by November 2016.

corelogic-hpi-nov2015

Yardi Matrix’s December 2015 apartment trends report:

  • Rents were up 6.4 percent year-over-year in December 2015.
  • This is significantly higher than the 2.8 percent long-term average.
  • Average rent nationwide remained at $1,165; this is $1 less than the peak in September and October 2015.

yardi-average-rents

Send market reports to press@inman.com.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top