Daily market update: February 23, 2017

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

Freddie Mac’s Primary Mortgage Market Survey:

• The 30-year fixed-rate mortgage (FRM) averaged 4.16 percent with an average 0.5 point for the week ending Feb. 23, 2017.
• This is up from last week when it averaged 4.15 percent.
• A year ago at this time, the 30-year FRM averaged 3.62 percent.

Federal Housing Finance Agency’s House Price Index for Q4 2016:

• U.S. house prices rose 1.5 percent in Q4 2016 from Q3 2016.
• House prices rose 6.2 percent year-over-year in Q4 2016.
• FHFA’s seasonally adjusted monthly index for December was up 0.4 percent from November.

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”]

Showcase your local expertise with email marketing

Use your digital reach to be a trusted advisor in your community READ MORE

[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:

National Association of Realtors’ Existing-Home Sales for January 2017:

• Total existing-home sales expanded 3.3 percent to a seasonally adjusted annual rate of 5.69 million in January from an upwardly revised 5.51 million in December 2016.
• This is 3.8 percent higher than a year ago (5.48 million).
• January also surpasses November 2016 (5.60 million) as the strongest month since February 2007 (5.79 million).

Mortgage Bankers Association’s Weekly Applications Survey:

• Mortgage applications decreased 2.0 percent from one week earlier for the week ending February 17, 2017.
• The refinance share of mortgage activity decreased to 46.2 percent of total applications, the lowest level since November 2008, from 46.9 percent the previous week.
• The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balance increased to 4.36 percent from 4.32 percent.

CoreLogic Market Pulse Report for February 2017:

• Home prices were up 7.2 percent in December 2016.
• The cash sales share in October 2016 was 31.8 percent.
• The distressed sales share in October 2016 was 7.7 percent.

Email market reports to press@inman.com.