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Daily market update: March 21, 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.

National Association of Realtors February 2016 Existing Home Sales:

  • Total existing-home sales dropped 7.1 percent month-over-month on a seasonally adjusted basis from January to February.
  • Sales increased 2.2 percent year-over-year, however,
  • The median existing-home price for all housing types in February was 210,800, up 4.4 percent year-over-year.

February EHS Infographic

 

Mortgage rates:

 

Home equity rates:

Last week’s most recent market news:

Re/Max March 2016 National Housing Report:

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  • 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.