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- Mortgage applications for new home purchases increased 14 percent month-over-month (not seasonally adjusted).
- Conventional loans comprised 67.4 percent of loan applications, and FHA comprised 19.5 percent.
- The seasonally adjusted annual rate for single-family home sales was 499,000 units.
- The 30-year fixed-rate mortgage averaged 3.65 percent with an average 0.5 point for the week ending February 11, 2016.
- This is down from 3.72 percent last week.
- It’s also slightly down from 3.69 percent last year.
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Yesterday’s most recent market news:
- The median existing single-family home price increased in 81 percent of measured markets.
- 34 areas (19 percent) recorded lower median prices than a year ago.
- An average of 89 percent of measured metro areas saw increasing home prices in 2015.
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