Daily market update: Feb. 16, 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.

CoreLogic February 2016 Market Pulse Report:

  • Completed foreclosures were down 22.6 percent year-over-year in December 2015.
  • Home prices were up 6.3 percent year-over-year in December 2015.
  • 2015 was the worst year on record for wildfires, with more than 10 million acres burned.

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Real Trends Housing Market Report for January 2016:

  • Housing sales increased 9.2 percent year-over-year.
  • This is the strongest annual gain since June 2015.
  • On average, housing prices rose 2.5 percent year-over-year.

 

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February 2016 Re/Max National Housing Report:

  • January home sales were up 6.3 percent year-over-year.
  • The median sales price of all homes sold in January was $200,714.
  • This is a 6.7 percent annual increase over the median sales price in January 2014.

NationalHousingReport_Feb16_low

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”]

 

Yesterday’s most recent market news:

FNC Home Price Index for December 2015:

  • Home prices rose at a seasonally unadjusted rate of 0.4 percent month-over-month in December 2015.
  • It rose 6.2 percent year-over-year.
  • On a quarterly basis, home prices were up 0.2 percent in the fourth quarter.

Email market reports to press@inman.com.