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:

  • The Market Composite Index for mortgage applications increased 21.3 percent during the week ending January 8, 2016.
  • The Refinance Index increased 24 percent week-over-week.
  • The seasonally adjusted Purchase Index increased 18 percent week-over-week.

Quicken’s Home Price Perception Index for December 2015:

  • Appraised values in December were 1.8 percent lower than the homeowners’ opinion.
  • This is the 11th consecutive month when appraised values were lower than homeowners’ expectations.
  • Home values continued to increase in December.

image002

 

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:

National Association of Realtors 2016 housing and economic forecast:

  • NAR Chief Economist Lawrence Yun predicted that the housing market might see a 1 to 3 percent growth in sales.
  • He said home prices would continue to rise in 2016.
  • Yun estimated that 2015 existing-home sales would finish 6.5 percent up from 2014.

2016 NAR Housing Expectations Infographic

CoreLogic’s November 2015 National Foreclosure Report:

  • Foreclosures were down 21.8 percent year-over-year.
  • Completed foreclosures were down 10.9 percent month-over-month.
  • Florida leads the nation with 83,000 completed foreclosures.

report_highlights_nfr_2015_11_nov_top_01

American Banker’s Association’s 2015 third-quarter delinquencies:

  • Delinquencies (a late payment 30 or more days overdue) rose in six of 11 loan categories.
  • The composite ratio rose 5 basis points to 1.41 percent of all accounts.
  • Home equity line delinquencies fell 3 basis points to 1.31 percent of all accounts and property improvement delinquencies fell 4 basis points to 0.87 percent of all accounts.

loan-delinquency

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