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.

FNC’s Residential Price Index:

  • The 100-MSA purchase index composite for November 2015 was 165.62, up .07 month-over-month.
  • The index was up 9.31 points year-over-year.
  • Los Angeles had the highest purchase price index: 243.13.

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:

Fannie Mae’s Economic & Strategic Research Group’s 2016 Economic & Housing Outlook:

  • Further labor market tightening will lead to increased household income and job security.
  • Home price gains on the low end of the market will continue to outpace household income growth.
  • Consumer spending will underpin economic growth in 2016.

Freddie Mac’s Primary Mortgage Market Survey:

  • The 30-year fixed-rate mortgage rate averaged 3.92 percent with an average 0.6 point for the week ending January 14, 2016.
  • This was down from last week, when it averaged 3.97 percent.
  • Year-over-year, mortgage rates are up from 3.66 percent.

Freddie-Mac-PMMS-1.14.16

Email market reports to press@inman.com.

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