Daily market update: March 18, 2016

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Mortgage rates:

 

Home equity rates:

Yesterday’s most recent market news:

Re/Max March 2016 National Housing Report:

  • Home sales rose 4.8 percent year-over-year.
  • The median sales price rose 5.9 percent year-over-year.
  • We currently have 4.0 months supply of inventory.

NHR_March_2016_2_low

Freddie Mac’s Primary Mortgage Market Survey:

  • The 30-year fixed-rate mortgage averaged 3.73 percent with an average 0.5 point for the week ending March 17, 2016.
  • This is up from 3.68 percent last year.
  • A year ago, the 30-year fixed rate mortgage averaged 3.78 percent.

Freddie Mac's Primary Mortgage Market Survey March 17, 2016

CoreLogic’s March 2016 Market Pulse Report:

  • The home price index is up 6.9 percent year-over-year.
  • Home equity is up $6 trillion since the Great Recession.
  • Completed foreclosures are down 16.2 percent year-over-year.

report_highlights_mktpulse_1603_01

Email market reports to press@inman.com.