AgentBrokerage

Daily market update: April 4, 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.

Black Knight February 2016 Mortgage Monitor Report:

  • The total U.S. loan delinquency rate was 4.45 percent.
  • This is down 12.57 percent month-over-month.
  • The total foreclosure pre-sale inventory rate is 1.30 percent, down 0.64 percent month-over-month.

feb-first-look-findings

Preliminary Money Anxiety Index for April 2016:

  • The preliminary April index is at 64.0.
  • This is the same as the final reading in March.
  • According to the index’s creator, “although the economy is improving, consumers are not completely on board with the personal consumption thus putting the brakes on the economic growth.”

Preliminary Money Anxiety Index for April 2016

Mortgage rates:

 

Home equity rates:

Last week’s most recent market news:

Freddie Mac’s monthly volume summary for February 2016:

6 ways empowered agents embrace disruption to drive success
Using technology to generate leads and win listings READ MORE
  • 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.