Daily market update: March 28, 2016

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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