Real estate market recap, April 10-14, 2017

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Check Inman every day for the daily version of this market roundup.

Mortgage rates:

30-Year Fixed Rate Mortgage Rates for the Past 6 Months
15-Year Fixed Rate Mortgage Rates for the Past 6 Months

Home equity rates:

Average Home Equity Loan Bank Rates by State
Average Home Equity Loan Credit Union Rates by State

Day-by-day market activity

Friday, April 14

April 2017 Re/Max National Housing Report

“We expect a seasonal uptick in sales this time of year and March certainly met and somewhat exceeded that expectation,” said Dave Liniger, Re/Max CEO, chairman of the board and co-founder, in a statement. “We don’t anticipate the tightening inventory to ease up in most markets until new home construction can catch up to its pre-recession pace. Until then, sellers will enjoy a fast-paced market and buyers will need to work with their agents to get in the right home.”

Thursday, April 13

Mortgage Bankers Association (MBA) Builder Application Survey

“Mortgage applications for new homes accelerated in March, with the Builder Application Survey Index reaching its highest point since the series began in August 2012,” said Lynn Fisher, MBA’s Vice President of Research and Economics, in a statement. “The pick up from a fairly modest February showing suggests that developers are finding ways to bring new product on line to help supplement otherwise low inventories of existing homes for sale in the US.

“In contrast to the increasing trend in average loan size in our Weekly Application Survey which reports on applications for both new and existing homes, the average loan size for new homes in March from the Builder survey was unchanged from a year ago. Looking at the full distribution of applications, nearly two-thirds of applications for new homes in our survey have loan sizes between $200,000 and $400,000.”

Wednesday, April 12

Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey

Tuesday, April 11

Zillow Mortgage Rate Ticker

Source: Zillow Mortgage Rate Ticker

“Mortgage rates edged slightly higher last week as the FOMC meeting minutes suggested the Fed may begin to unload its mortgage bond portfolio starting next year, and Friday’s jobs report showed a falling unemployment rate and strong wage gains despite weak employment growth in March,” said Erin Lantz, vice president of mortgages at Zillow in a statement. “This week markets will focus on speeches by several key FOMC officials, though barring unexpected geopolitical developments, markets are likely to remain quiet leading into the holiday weekend.”

Zillow’s real-time mortgage rates are based on thousands of custom mortgage quotes submitted daily to anonymous borrowers on the Zillow Mortgages site and reflect the most recent changes in the market. These are not marketing rates, or a weekly survey.

CoreLogic Loan Performance Insights

30 days or more delinquent: National view

Source: CoreLogic

MRIS March Housing Market Update: DC and Baltimore Metro

D.C. metro highlights:

Baltimore metro highlights:

Data provided by MarketStats by ShowingTime based on listing activity from MRIS, a Bright MLS.

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