Daily market update: March 9, 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.

Mortgage Bankers Association’s Weekly Applications Survey:

  • The market composite index increased 0.2 percent on a seasonally adjusted basis week-over-week.
  • The refinance index decreased 2 percent week-over-week.
  • The average contract interest rate for 30-year, fixed-rate mortgages with conforming loan balances was 3.89 percent, an increase from 3.83 percent last week.

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:

CoreLogic’s January 2016 National Foreclosure Report:

  • Foreclosures were down 21.7 percent year-over-year.
  • Foreclosures were down 16.2 percent month-over-month.
  • The rate of seriously delinquent homes was 3.2 percent, the lowest level since November 2007.

report_highlights_nfr_2016_01_jan

Quicken Loans Home Price Perception Index for January 2016:

  • Appraised values were 1.75 percent lower than homeowner expectations nationally.
  • The gap between appraisal and homeowner estimates narrowed for the fifth month in a row.
  • Home values fell 0.42 percent month-over-month but rose 3.37 percent year-over-year.

P-HVI-HPPI-Graphs-20151201Email market reports to press@inman.com.