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Daily market update: Feb. 17, 2016

Mortgage rates plus all the latest daily real estate market news

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We’ll add more market news briefs throughout the day. Check back to read the latest.

U.S. Census Bureau/Department of Housing and Urban Development’s new residential construction activity for January 2015:

  • Privately owned housing units authorized by building permits in January were at a seasonally adjusted annual rate of 1,202,000.
  • This is a 0.2 percent decrease from December 2014’s revised rate.
  • However, it’s above the January 2015 estimate of 1,059,000.

Mortgage Banker’s Association’s weekly applications survey:

  • The market composite index increased 8.2 percent on a seasonally adjusted basis week-over-week.
  • The seasonally adjusted purchase index increased 2 percent week-over-week and up 30 percent year-over-year.
  • The refinance share of mortgage activity increased to 64.3 percent of total applications, up from 61.2 percent the previous week.

 

Mortgage rates:

 

Home equity rates:

 

Yesterday’s most recent market news:

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.

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Email market reports to press@inman.com.