Daily market update: March 29, 2016

We’ll add more market news briefs throughout the day. Check back to read the latest.

Federal Housing Finance Agency’s February 2016 mortgage index:

  • The average interest rate on all mortgage loans was 3.89 percent, down from 3.97 in January.
  • The average interest rate on conventional, 30-year, fixed-rate mortgages of $417,000 or less was 4.11 percent, down from 4.23 in January.
  • The average loan amount for all loans was $316,700 in February, up from $310,400 in January.


S&P/Case-Shiller Home Price Index for January 2016:

  • Home prices increased 5.4 percent year-over-year in January 2016.
  • Before seasonal adjustment, home prices were unchanged month-over-month.
  • After seasonal adjustment, home prices were up 0.5 percent month-over-month.

Mortgage rates:


Home equity rates:

Yesterday’s most recent market news:

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.


Email market reports to press@inman.com.