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The FNC Residential Price Index for February 2016:

  • After January’s price drop, February’s prices were back up.
  • February home prices were up 0.1 percent from January.
  • Prices were up 5.7 percent year-over-year.

Re/Max April 2016 National Housing Report:

  • Home sales were up 33.4 percent month-over-month in March 2016.
  • March sales were up 3.6 percent year-over-year.
  • The median home price among median sales prices in March was $204,000.

April_2016_NHR_Infographic

Mortgage rates:

[graphiq id=”b2w6fmfIyNL” title=”30-Year Fixed Rate Mortgage Rates for the Past 6 Months” width=”600″ height=”400″ url=”https://w.graphiq.com/w/b2w6fmfIyNL” link=”http://mortgage-lenders.credio.com” link_text=”30-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio”]

[graphiq id=”2NvK9Bl9HIF” title=”15-Year Fixed Rate Mortgage Rates for the Past 6 Months” width=”600″ height=”400″ url=”https://w.graphiq.com/w/2NvK9Bl9HIF” link=”http://mortgage-lenders.credio.com” link_text=”15-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio”]

 

Home equity rates:

[graphiq id=”kPkTJrAnX5r” title=”Average Home Equity Loan Bank Rates by State” width=”600″ height=”465″ url=”https://w.graphiq.com/w/kPkTJrAnX5r” link=”http://mortgage-lenders.credio.com” link_text=”Average Home Equity Loan Bank Rates by State | Credio”]

[graphiq id=”dP0v3iYOnH” title=”Average Home Equity Loan Credit Union Rates by State” width=”600″ height=”465″ url=”https://w.graphiq.com/w/dP0v3iYOnH” link=”http://mortgage-lenders.credio.com” link_text=”Average Home Equity Loan Credit Union Rates by State | Credio”]

Yesterday’s most recent market news:

First American Potential Home Sales for March 2016:

  • The seasonally adjusted annualized rate of potential existing-home sales is 5.8 million.
  • This represents a 90.9 percent increase from the market potential low point reached in December 2008.
  • This is down 615,000 (SAAR) or 9.7 percent from the pre-recession peak of market potential, which occurred in July 2005.

0414016_PHS_graphic

Freddie Mac’s Primary Mortgage Market Survey:

  • Mortgage rates are at new lows in 2016.
  • 30-year fixed-rate mortgages (FRMs) averaged 3.58 percent with an average 0.5 point for the week ending April 14, 2016.
  • This is down from last week (3.59 percent) and last year (3.67 percent).

pmms_chart_lg

Mortgage Bankers Association’s Builder Applications Survey:

  • Mortgage applications for new home purchases increased 17 percent month-over-month (unadjusted).
  • Conventional loans comprised 67.5 percent of loan applications.
  • MBA estimates new single-family home sales were running at a seasonally adjusted annual rate of 574,000 units in March 2016.

Email market reports to press@inman.com.

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