Daily market update: April 26, 2016

Mortgage rates plus all the latest daily real estate market news

Inman

Apr 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.