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Daily market update: July 1, 2016

07/01/2016

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

 

Mortgage rates: 30-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio 15-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio

 

Home equity rates: Average Home Equity Loan Bank Rates by State | Credio Average Home Equity Loan Credit Union Rates by State | Credio Most recent market news:

Freddie Mac’s Primary Mortgage Market Survey:

Average fixed mortgage rates dropped to 3.48 percent. This is 17 basis points from the November 2012 all-time record low: 3.31 percent. Last week, average 30-year fixed-rate mortgages were 3.56 percent.

pmms_chart_lg

 

Ten-X Residential Real Estate Nowcast for June 2016:

Existing home sales will fall between seasonally adjusted annual rates of 5.38 and 5.74 million, with a targeted number of 5.56 million. This is a slight 0.5 percent increase from May. It also indicates a 1.4 percent year-over-year gain.

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Email market reports to press@inman.com.

Source: click here

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