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Daily market update: Feb. 1, 2016

Mortgage rates plus all the latest daily real estate market news

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

Black Knight’s December 2015 Mortgage Monitor:

  • The total U.S. loan delinquency rate was 4.78 percent.
  • This is a 2.99 percent drop month-over-month in delinquency rate.
  • The total foreclosure pre-sale inventory rate was 1.37 percent.

black-knight-dec-2015-first-look

Mortgage rates:

 

Home equity rates:

 

Last week’s most recent market news:

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

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  • 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.

Email market reports to press@inman.com.