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Daily market update: June 24, 2016

06/24/2016

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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:

30-year fixed-rate mortgages (FRMs) averaged 3.56 percent with an average 0.6 point for the week ending June 23, 2016. This is up from last week when it averaged 3.54 percent. A year ago at this time, the 30-year FRM averaged 4.02 percent.

pmms_chart_lg

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

Sales of new single-family houses in May 2016 were at a seasonally adjusted annual rate of 551,000. This is 6.0 percent below the revised April rate of 586,000, but is 8.7 percent above the May 2015 estimate of 507,000. The median sales price of new houses sold in May 2016 was $290,400; the average sales price was $358,900. T he seasonally adjusted estimate of new houses for sale at the end of May was 244,000. This represents a supply of 5.3 months at the current sales rate

CoreLogic’s Market Pulse Report for June 2016:

Active loans with interest rates higher than 4.50 percent comprised 38 percentĀ of all loans in February 2016. Completed foreclosures were down 15.8 percent year-over-year in April 2016. Home prices were up 6.2 percent year-over-year in April 2016.

report_highlights_mktpulse_1606_01

Email market reports to press@inman.com.

Source: click here

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