We’ll add more market news briefs throughout the day. Check back to read the latest.

FNC Residential Price Index for May 2016:

  • May home prices are up 0.7 percent.
  • Year-over-year, prices are up 4.9 percent.

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”]

Most recent market news:

Mortgage Bankers Association’s New Purchase Applications for June 2016:

  • Mortgage applications for new home purchases decreased by 0.2 percent month-over-month.
  • The three-month average loan size was $326,480 in June.
  • Year-over-year, June new home purchases were up 7 percent.

Freddie Mac’s Primary Mortgage Market Survey:

  • 30-year fixed-rate mortgages (FRM) averaged 3.42 percent with an average 0.5 point for the week ending July 14, 2016.
  • This is up from last week when it averaged 3.41 percent.
  • A year ago at this time, the 30-year FRM averaged 4.09 percent.

pmms_chart_lg

July 2016 Re/Max market report:

  • Sales were up 0.7 percent year-over-year and 9.4 percent month-over-month.
  • The median sales price was $229,900 — 2.2 percent higher year-over-year.
  • The number of homes for sale in June fell 15.6 percent year-over-year.

July2016_NHR_infographic_FINAL

Email market reports to press@inman.com.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top