We’ll add more market news briefs throughout the day. Check back to read the latest.
Mortgage rates:
[graphiq id=”b2w6fmfIyNL” title=”30-Year Fixed Rate Mortgage Rates for the Past 6 Months” width=”600″ height=”400″ url=”https://w.graphiq.com/w/b2w6fmfIyNL” link=”http://mortgage-lenders.credio.com” link_text=”30-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio”]
[graphiq id=”2NvK9Bl9HIF” title=”15-Year Fixed Rate Mortgage Rates for the Past 6 Months” width=”600″ height=”400″ url=”https://w.graphiq.com/w/2NvK9Bl9HIF” link=”http://mortgage-lenders.credio.com” link_text=”15-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio”]
Home equity rates:
[graphiq id=”kPkTJrAnX5r” title=”Average Home Equity Loan Bank Rates by State” width=”600″ height=”465″ url=”https://w.graphiq.com/w/kPkTJrAnX5r” link=”http://mortgage-lenders.credio.com” link_text=”Average Home Equity Loan Bank Rates by State | Credio”]
[graphiq id=”dP0v3iYOnH” title=”Average Home Equity Loan Credit Union Rates by State” width=”600″ height=”465″ url=”https://w.graphiq.com/w/dP0v3iYOnH” link=”http://mortgage-lenders.credio.com” link_text=”Average Home Equity Loan Credit Union Rates by State | Credio”]
Mortgage Bankers Association’s Weekly Applications Survey:
- The Market Composite Index decreased 27.6 percent week-over-week.
- The refinance share of mortgage activity increased from 57.4 percent of total applications last week to 61.2 percent of total applications this week.
- The average contract interest rate for 30-year fixed-rate mortgages remained 3.99 percent, unchanged from last week. Points increased to 0.53 percent this week from 0.46 percent last week.
Last week’s most recent market news:
Quicken Loans’ September 2015 Home Price Perception Index:
- Homeowner estimates of home values were 2 percent higher than appraiser opinions in September.
- However, September was the first month that the gap narrowed since February 2015.
- Nationally, home values are rising, with a 3.11 year-over-year gain.
CoreLogic’s August 2015 foreclosure report:
- Foreclosure inventory declined by 25.2 percent year-over-year, and completed foreclosures declined by 20.1 percent year-over-year.
- The number of foreclosures nationwide decreased from 46,000 in August 2014 to 36,000 in August 2015.
- The national foreclosure inventory included approximately 1.2 percent of all homes with a mortgage compared with 1.6 percent in August 2014.
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