Daily market update: April 26, 2016
Mortgage rates plus all the latest daily real estate market news
We’ll add more market news briefs throughout the day. Check back to read the latest.
Mortgage rates:
Home equity rates:
Yesterday’s most recent market news:
- New single-family home sales were at a seasonally adjusted rate of 511,000.
- This is 1.5 percent below the revised February 2016 rate, but 5.4 percent above the March 2015 estimate.
- The median sales price was $288,000, and supply is at 5.8 months’ of inventory.
- The home price index for February 2016 was $254,000.
- This is up 27.5 percent from the market’s bottom.
- However, it’s 5 percent lower than the June 2006 peak of $267,000.