Markets & Economy

Real estate market recap, Feb. 1-5, 2016

The big news in real estate markets, recapped for your convenience

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Check Inman every day for the daily version of this market roundup.

Mortgage rates:

Home equity rates:

Friday, Feb. 5:

Mortgage Bankers Association’s Mortgage Credibility Index (MCAI) for January 2016:

  • The MCAI decreased 0.4 percent month-over-month, to 123.8.
  • This indicates that lending standards are tightening.
  • The Conforming MCAI saw the greatest tightening (1.5 percent) followed by the Government MCAI (0.8 percent).

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Wednesday, Feb. 3:

Mortgage Bankers Association’s Weekly Applications Survey:

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  • Mortgage applications decreased 2.6 percent week-over-week on a seasonally adjusted basis.
  • The Refinance Index increased 0.3 percent week-over-week.
  • The seasonally adjusted Purchase Index decreased 7 percent week-over-week.

Tuesday, Feb. 2:

CoreLogic’s Home Price Index for December 2015:

  • Five┬ástates and the District of Columbia reached new home price highs.
  • Home prices were up 6.3 percent year-over-year.
  • The 2016 forecast is for home prices to increase 5.4 percent year-over-year.

corelogic-caseshiller-nationaltrends

Ten-X’s Real Estate Nowcast for January 2015:

  • Existing home sales are projected to fall between seasonally adjusted annual rates of 5.13 and 5.46 million sales.
  • This is up 9.8 percent from January 2015.
  • It’s also down 3 percent from December 2014.
A table showing existing home sales from Ten-X.

Ten-X existing home sales table

Monday, Feb. 1:

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.

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FNC-residential-price-November-2015

press@inman.com.