We’ll add more market news briefs throughout the day. Check back to read the latest.
National Association of Realtors’ Existing Home Sales for April 2016:
- Total existing-home sales were up 1.7 percent month-over-month and 6.0 percent year-over-year.
- The median existing-home price for all housing types in April was $232,500, up 6.3 percent from April 2015 ($218,700).
- Total housing inventory at the end of April increased 9.2 percent to 2.14 million existing homes available for sale, down 3.6 percent year-over-year (2.22 million).
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’s Home Sales Model for April 2016:
- The market for existing-home sales is underperforming its potential by 4.1 percent or an estimated 232,000 seasonally adjusted, annualized rate (SAAR) of sales.
- In April, the market potential for existing-home sales grew by 2.2 percent compared to March, an increase of 122,000 (SAAR) sales, and grew by 1.5 percent year-over-year.
- This month, the seasonally adjusted, annualized rate of potential existing-home sales is 5.63 million.
Mortgage Bankers Association’s Weekly Applications Survey:
- Mortgage applications were down 1.6 percent week-over-week.
- The refinance share of mortgage activity increased to 54.7 percent of total applications from 52.8 percent the previous week.
- The average contract interest rate for 30-year fixed-rate mortgages was 3.82 percent, unchanged from last week.
Email market reports to press@inman.com.
