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Daily market update: March 4, 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:

Freddie Mac Primary Mortgage Market Survey:

  • Rates for 30-year fixed-rate mortgages averaged 3.64 percent with an average 0.5 point for the week ending March 3, 2016.
  • This is up from last week, when the average was 3.62 percent.
  • It’s down from a year ago, when the average was 3.75 percent.

pmms_chart_march3_2016

Mortgage Bankers Association’s Mortgage Credit Availability Index (MCAI) for February 2016:

  • The MCAI was unchanged month-over-month at 123.8 in February.
  • Of the four component indices, the Conforming MCAI saw the greatest loosening (up 1.0 percent) over the month.
  • The Government MCAI was up 0.6 percent).

mcai-feb-2016

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Email market reports to press@inman.com.