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Daily market update: Feb. 19, 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.

Mortgage rates:

 

Home equity rates:

 

Yesterday’s most recent market news:

Mortgage Bankers Association’s National Delinquency Survey:

  • The delinquency rate for mortgage loans on one-to-four-unit residential properties dropped to a seasonally adjusted rate of 4.77 percent of all loans.
  • This is the lowest level since the third quarter of 2006.
  • Loans on which foreclosure actions were started comprised 0.36 percent of all loans, down two basis points quarter-over-quarter.

 

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Freddie Mac’s Primary Mortgage Market Survey:

  • The 30-year fixed-rate mortgage (FRM) averaged 3.65 percent with an average 0.5 point for the week ending Feb. 18, 2016.
  • This is unchanged from last week.
  • One year ago, the 30-year FRM averaged 3.76 percent.

pmms_chart

Email market reports to press@inman.com.