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- The home price index was up 6.7 percent year-over-year in November 2016.
- The cash sales share was 31.8 percent as of October 2016.
- The distressed sales share was 7.7 percent as of October 2016.
Home equity rates:
Most recent market news:
- The average interest rate on all mortgage loans was 3.91 percent, up 27 basis points from 3.64 in November.
- The average interest rate on conventional, 30-year, fixed-rate mortgages of $417,000 or less was 4.08 percent, up 28 basis points from 3.80 in November.
- The average loan amount for all loans was $319,100 in December, up $4,400 from $314,700 in November.
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- The frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications increased 1.5 percent in December as compared with November.
- Compared to December 2015, the Defect Index decreased by 9.2 percent.
- The Defect Index is down 32.4 percent from the high point of risk in October 2013.
- 30-year fixed-rate mortgage (FRM) averaged 4.19 percent with an average 0.4 point for the week ending Jan. 26, 2017.
- This is up from last week when it averaged 4.09 percent.
- A year ago at this time, the 30-year FRM averaged 3.79 percent.
- Sales of new single-family houses in December 2016 were at a seasonally adjusted annual rate of 536,000.
- This is 10.4 percent below the revised November rate of 598,000 and 0.4 percent below the December 2015 estimate of 538,000.
- The median sales price of new houses sold in December 2016 was $322,500; the average sales price was $384,000.
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