Enchanted Taos Real Estate

Tuesday, April 26, 2016

Daily market update: April 26, 2016

Daily market update: April 26, 2016

Mortgage rates plus all the latest daily real estate market news
InmanInman
InmanNewseditorial@inman.comApr 26, 2016
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

Yesterday’s most recent market news:

U.S. Department of Housing and Urban Development/U.S. Census Bureau’s March 2016 New Residential Sales:
  • 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.
Black Knight February 2016 Home Price Index:
  • 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.
Posted by Unknown at 5:38 AM No comments:
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