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Daily market update: Jan. 28, 2016

Mortgage rates plus all the latest daily real estate market news

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We’ll add more market news briefs throughout the day. Check back to read the latest.

National Association of Realtors’ Pending Home Sales Index (PHSI) for December 2015:

  • The PHSI increased 0.1 percent month-over-month to 106.8 in December.
  • The index is 4.2 percent above December 2014.
  • Existing-home sales for 2016 are forecast to be 5.34 million, up 1.5 percent from 2015.

Mortgage rates:

 

Home equity rates:

 

Yesterday’s most recent market news:

Mortgage Bankers Association’s Weekly Applications Survey:

  • Mortgage applications increased 8.8 percent week-over-week (seasonally adjusted).
  • On an unadjusted basis, it rose 0.3 percent.
  • The refinance index increased 11 percent week-over-week.

Email market reports to press@inman.com.