Daily market update: April 1, 2016

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Mortgage rates:

 

Home equity rates:

Yesterday’s most recent market news:

Freddie Mac’s monthly volume summary for February 2016:

  • The total mortgage portfolio increased at an annualized rate of 1.8 percent.
  • Single-family refinance-loan purchase and guarantee volume was $10.9 billion in February.
  • Total number of loan modifications were 3,503 in February 2016 and 6,977 for the two months ended February 29, 2016.

Freddie Mac’s March 2016 monthly outlook:

  • The 30-year mortgage rate will stay below 4 percent until the second half of the year.
  • Multifamily and single-family housing starts will increase by 200,000 units to 1.3 million this year.
  • Home price appreciation should slow to 4.8 percent from 6 percent in 2016.
Housing market index for March 2016

Housing market index for March 2016

Email market reports to press@inman.com.