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:

[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:

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.

Email market reports to press@inman.com.