Daily market update: Oct. 20, 2015

We’ll add more market news briefs throughout the day. Check back to read the latest.

Mortgage Bankers Association’s 2016 forecast:

• The Mortgage Bankers Association (MBA) expects $905 billion in purchase mortgage originations during 2016.
• MBA also predicts that refinance originations will comprise $415 billion in 2016, a decrease of one-third.
• Mortgage originations will decrease to $1.32 trillion in 2016 compared with $1.45 trillion in 2015.

The U.S. Census Bureau and U.S. Department of Housing and Urban Development’s September 2015 new residential construction report:

• Privately-owned housing units authorized by building permits in September 2015 were 5.0 percent below the revised August 2015 rate but 4.7 percent above September 2014.
• Privately-owned housing starts were 6.5 percent above the revised August 2015 estimate and 17.5 percent above the September 2014 rate.
• Single-family housing starts in September 2015 were up 0.3 percent month-over-month.

Auction.com’s list of the hottest single-family residential markets this fall:

• Seattle was listed as the hottest market because of the city’s tech sector, which is seen as driving employment.
• Fort Lauderdale was next, attributed to growth in employment and a recovering housing market.
• Orlando was third, with a thriving leisure and hospitality industry.

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”]