We’ll add more market news briefs throughout the day. Check back to read the latest.
Re/Max’s October 2015 housing report:
- September 2015 home sales were 8.6 percent lower than in August 2015 but 6.8 percent higher than September 2014.
- The median sales price for homes sold in September 2015 was $209,000.
- The months supply of inventory in September 2015 was 4.5; it was 4.9 in September 2014.
CoreLogic’s Mortgage Fraud Trends Report:
- There was an 8.9 percent year-over-year decrease in fraud risk as of the second quarter (Q2) of 2015.
- For the year ending in Q2 2015, the estimated value of applications with fraud or serious representations was $17.3 billion.
- During Q2 2015, about 0.67 percent of all mortgage applications contained indications of fraud.
RealtyTrac Foreclosure Market Report for Q3 and September 2015:
- A rise in the volume of bank repossessions is a major contributor to the overall increase in foreclosure filings.
- Metros that saw year-over-year increases are spread throughout the nation.
- California markets appear to be seeing the biggest reduced in foreclosure activity.
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”]
Yesterday’s most recent market news:
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.
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