Daily market update: March 28, 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.

National Association of Realtors February 2016 Pending Home Sales Index (PHSI):

  • The PHSI rose 3.5 percent to 109.1 in February.
  • This is 0.7 percent above February 2015.
  • This was the smallest annual gain in 18 months.

Black Knight Financial Services Home Price Index Report for January 2016:

  • Home prices were up 0.1 percent month-over-month in January 2016.
  • Prices were up 5.3 percent year-over-year.
  • The current home price index value is $253,000.


Mortgage rates:


Home equity rates:

Last week’s most recent market news:

Fannie Mae’s Q1 2016 Mortgage Lender Sentiment Survey:

  • Lenders reported that purchase demand decreased significantly during the past three months.
  • Refinance mortgage demand was expected to increase significantly in the next quarter.
  • On net, lenders reported tightening of credit standards for government loans for the first time since Q3 2014.


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