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

First American’s Real House Price Index (RHPI) for May 2016:

  • Real house prices are 19 percent lower than they were in 2000.
  • The RHPI was unchanged in May 2016 from April 2016.
  • The RHPI increased 0.4 percent from May 2015 to May 2016.

Black Knight Financial Services’ May 2016 Home Price Index:

  • The home price index in May was $263,000, up 31.7 percent from market bottom and 1.8 percent below the June 2006 peak.
  • Mountain states accounted for eight of 10 top-performing metro areas.
  • All states and metros experienced positive price movement in May, and six large states and 15 large metros hit new price peaks.

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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:

Campbell/Inside Mortgage Finance HousingPulse Tracking Survey for June 2016:

  • Non-distressed properties sold in June were on the market for an average of 6.8 weeks.
  • Non-distressed properties sold in June received an average of 2.3 offers.
  • First-time buyers comprised 40.2 percent of purchases in June.

Email market reports to press@inman.com.

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