Daily market update: December 27, 2016

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

Federal Housing Finance Agency’s mortgage rates for November 2016:

  • The index for the average contract mortgage rate for previously occupied homes by combined lenders Index was 3.66 percent for loans closed in late November, up 4 basis points from 3.62 percent in October.
  • The average interest rate on all mortgage loans was 3.64 percent, up 4 basis points from 3.60 in October.
  • The average loan amount for all loans was $314,700 in November, up $2,000 from $312,700 in October.

nacmr_12212016

First American Real House Price Index for October 2016:

  • Real house prices increased 0.7 percent between September 2016 and October 2016.
  • Compared to September 2015, real house prices decreased by 0.4 percent.
  • Unadjusted house prices are expected to increase by 5.3 percent in October on a year-over-year basis.

peak-prices-san-francisco-detroit-2

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:

U.S. Census Bureau/U.S. Department of Housing and Urban Development’s New Residential Sales for November 2016:

  • Sales of new single-family houses in November 2016 were at a seasonally adjusted annual rate of 592,000.
  • This is 5.2 percent above the revised October rate of 563,000 and is 16.5 percent above the November 2015 estimate of 508,000.
  • The median sales price of new houses sold in November 2016 was $305,400; the average sales price was $359,900.

Email market reports to press@inman.com.