AgentBrokerage

Daily market update: May 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.

Mortgage Bankers Association’s Weekly Applications Survey:

  • Mortgage applications decreased 3.4 percent from one week earlier.
  • The refinance share of mortgage activity decreased to 52.9 percent of total applications from 54.4 percent the previous week.
  • The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances increased to 3.87 percent from 3.85 percent.

Mortgage rates:

 

Home equity rates:

Yesterday’s most recent market news:

CoreLogic’s home price index for March 2016:

  • Home prices increased 6.7 percent year-over-year in March 2016.
  • Month over month, prices increased 2.1 percent
  • CoreLogic forecasts that prices will increase 5.3 percent year-over-year in March 2017.

core-logic-hpi-march-2016

Email market reports to press@inman.com.

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