Daily market update: Feb. 1, 2016

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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:

  • 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.