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Mortgage Bankers Association’s Builder Applications Survey for December 2015:

  • Mortgage applications for new home purchases were down 5 percent month-over-month in December 2015.
  • On a seasonally adjusted basis, new home mortgage applications were down by 8 percent month-over-month.
  • New home mortgage applications were up 17 percent year-over-year, however.

 

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:

Real Trends December 2015 Housing Market Report:

  • In December 2015, housing sales increased 8.2 percent year-over-year.
  • This was the largest year-over-year increase since June 2015.
  • The West was the strongest region, with a 10.3 increase.

unnamed

Re/Max January 2016 National Housing Report:

  • December 2015 home sales were up 6.1 percent year-over-year.
  • The median sales price was up 5.3 percent year-over-year.
  • Average days on market was 67 days.

 

remax-home-sales-map

FNC’s Residential Price Index for November 2015:

  • Home prices were “largely flat in November,” FNC reported.
  • Month-over-month, home prices registered a 0.0 percent change between October and November 2015.
  • Year-over-year, home prices rose 6.0 percent.

FNC-residential-price-November-2015

Email market reports to press@inman.com.

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